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What is bank reconciliation statement?
Bank Reconciliation Statement
What are the advantages of bank reconciliation statement?
BRS is done to know the difference between Bank book and Cash book...to find any error occured in statement..
Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
What Need and importance of bank reconciliation statement?
* Bank reconciliation statement ensures the accuracy of the balances shown by the pass book and cash book. * Bank reconciliation statement provides a check on the accuracy of entries made in both the books. * Bank reconciliation statement helps to detect and rectify any error committed in both the books. * Bank reconciliation statement helps to update the cash book by discovering some entries not yet recorded. * Bank reconciliation statement indicates any undue delay in the collection and clearance of some cheques.
Who prepares the bank reconciliation statement?
accountant
Bank reconciliation statement is prepared by?
bankers
How often do you prepare a bank reconciliation statement?
Monthly
What is full form of BRS?
bank reconciliation statement
Accounts and finance material?
what is the bank reconciliation statement
What are the disadvantages of bank reconciliation statement?
The main disadvantage of a bank reconciliation statement is that you need to be able to do basic math to reconcile your account to the statement. First, you add up all the outstanding checks. Next you add the ending balance on the statement to any outstanding deposits. You then subtract the outstanding checks from the total of the balance and the outstanding deposits. A smaller disadvantage is that it takes time and effort to reconcile your account and your statement.
What are the advantages and disadvantages of bank secrecy?
what are the disadvantages of bank deposits secrecy
What does exactly bank reconciliation statement mean?
it means that it show the difference between the cash book and bank statement
