Just to find out the reasons for which there is any difference between your bank balance as per your books of accounts and as per mabk statement and then adjust in a statement.
Start with Bank balance as per books xxxxx Add:Cheque issued(paid to any person) but not presented to bank
Add:Any other item/payments which has increased your bank balance in bank books,e.g. online fund deposited to your account.
Less:Any cheque deposited but not yet reflected in Bank statement Less: any charges debited by Bank and not yet effected in your books
Now you get Bank balance as per bank statement yyyyy
Please remember you can also start for balance as per bank statement and can arrive at balance as per your books of accounts.
27 September 2009
Thank you very much sir. I have to know how to prepare BRS for a large company having lots of transactions with an example. Please guide me sir
CAclubindia
