how to prepare banking reconciliation statement
This query is : Resolved
27 September 2009
Please experts let me know how to prepare BRS and the detail procedure involved?
27 September 2009
Dear Vijay,
It's realy easy to reconcile bank.
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.
It's realy easy to reconcile bank.
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.
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27 September 2009
In case of any further information/confusion please inform
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
I have to know how to prepare BRS for a large company having lots of transactions with an example. Please guide me sir
27 September 2009
Dear Vijay,
Large or small does not matter. Just understand the concept. If you are using any software, like tally, things become more easy to prepare the BRS.
For detailed understanding you have to refer Study books on accounts for B.COM
Large or small does not matter. Just understand the concept. If you are using any software, like tally, things become more easy to prepare the BRS.
For detailed understanding you have to refer Study books on accounts for B.COM
27 September 2009
Thank you very much sir again,
Please let me know the issues to be concerned while auditing a BRS?
Please please help me sir
Please let me know the issues to be concerned while auditing a BRS?
Please please help me sir
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