Concept of Bank Reconciliation Statement

Add Cheque Issued and Less Cheque deposited makes the Bank book to match with the Bank statement

If you start with balance as per cash book then any inflow of money in bank statement should be added & outflow of money in bank statement should be deducted. eg direct collection by bank should be added & direct payment by bank should be deducted. chq issued but not appearing in bank statement should be added because money is yet not paid. cheque deposit yet not cleared in bank statement should be deducted because money yet not recd. in short receipts in bank statement add & payments from bank statement less. but remember transaction appearing in both the bks will not appear in bank reco

Its better to consult a book....

Please ask specific queries over here. instead of general topic

Yes... I agreed to Mr Krishna.,

@ Mr Sachin.,

BRS will help for issuing cheques & Considering the bank's day to day balance with our commitments based on Fund...

Mr. Sachin
Keep parallel pass book (which is available in stationery shop)

All the time you are ready with exact bank balance. Later you match book entries with bank statement.

This will help in your BRS work too.

The above is solution for business accounts.

But for acedamic point of view about the BRS concept, you have to refer materials available at various sources.

You may contact any member through personal inbox Forum messaging for a detailed guidance. But please excuse me.

@ kapadia
this is not an exhaustive one,
however may be a outline.
overdraft situation are a bit specific.



@ sachin pls get hold of some good book.
study a little.
no one can explain this so easily...
take care ..

At first being Iyyo Iyyo paavam

@ Sabyasachi Ji., Sry wrngly replied 👌👌👌👌👌👌

Before giving any reply ..
keep your backup...
no backup...

@ Mr Sabyasachi Bro... I'm respectful to You and Your replies and... Don't be trying advice to me right...... It's just great eye closing and after some replies then open that.....

We respect each other..
but I can reconcile brs...