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प्रश्न
What is bank reconciliation statement?
What is meant by a Bank Reconciliation Statement in accounting?
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उत्तर
If every entry in the cash book matches with the bank statement, then the bank balance will be the same in both records. But, practically it may not be possible. When the balances do not agree with each other, the need for preparing a statement to explain the causes arises. This statement is called a bank reconciliation statement (BRS).
संबंधित प्रश्न
Answer in one sentence:
Who prepares a bank Pass Book?
Give one word/term/phrase which can substitute the following statement:
The account on which overdraft facility is allowed by bank.
Do you agree or disagree with the following statement:
Bank statement enables account holder to prepare Bank Reconciliation Statement.
Do you agree or disagree with the following statement:
Bank Reconciliation Statement is prepared only during the year end.
Select the most appropriate alternative from those given and rewrite the following statement:
Bank gives overdraft facility to __________ account holder.
Which of the following is not the salient feature of bank reconciliation statement?
Give any two expenses which may be paid by the banker as per standing instruction.
The bank reconciliation statement is prepared by the banker.
Bank charges debited by the bank increases the balance as per bank statement.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
