Bank reconciliation
This query is : Resolved
Nashme T.J
(Querist)
15 October 2011
Dear sir/Madam,
Can any one tell me about bank reconciliation meaning and definition,
Explain how to do it., where can i study more detail about it.
Thanks and regards,
Ms. Nashme T.J
Can any one tell me about bank reconciliation meaning and definition,
Explain how to do it., where can i study more detail about it.
Thanks and regards,
Ms. Nashme T.J
CA SUMiT PATWARi
(Expert)
15 October 2011
The organisations maintain bank account in their books of accounts. But the balances as per their books do not always match with the balance as per Bank Pass Book.
This happens due to certain timing differences of recording transactions and also due to some transactions not recorded in our books, etc. BRS is nothing but finding these differences and reconciling the balances as per our books of accounts and as per pass book.
The purpose is that we should know why the difference is there.
Buy any accounts book. You will find in details over there.
This happens due to certain timing differences of recording transactions and also due to some transactions not recorded in our books, etc. BRS is nothing but finding these differences and reconciling the balances as per our books of accounts and as per pass book.
The purpose is that we should know why the difference is there.
Buy any accounts book. You will find in details over there.
Nashme T.J
(Querist)
15 October 2011
Thanku so much for your information sir.
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