Tuesday, October 18, 2011

Meaning of Bank Reconciliation Statement in (BRS) Tally ?

You need to the following statements for process the Bank Reconciliation Statement (BRS).

1) Company's bank accounts.
 2) Banker's statement.


BRS is a comparing the Company's bank account with the Banker's statement. Some time Company's bank account balance does not match to the Banker's account balance. So you need to find the difference between the two accounts.

Normally there are three type of reasons you can find for differences between Company's bank account and Bankers statement.

a) If you issue a cheque to a party, but the party not presented the cheque the same date / not clear the cheque the same date.
b) If you have receive a cheque and presented into bank, but that cheque not clear the same date.
c) Bank charges debited by bank, but this transaction is not entered the same date in company's account.

The above reasons Company's bank account balance does not match to the Banker's account balance.

In this reasons you must reconciliation company's bank book with the bankers book to equalize the difference.

Regards
G.Srinivas

8 comments:

  1. your anwser is nice

    ReplyDelete
  2. Its very understandable definition. Thank You

    ReplyDelete
  3. It includes obstruction for bankruptcy recording, reestablished standards of court, more current structures, and additional heaps to indebted individuals and their lawyers. www.blclawcenter.com

    ReplyDelete
  4. After the person in question gets it, an information section assistant will type your answers into the modernized IRS frames.
    nj tax attorney

    ReplyDelete
  5. Extremely solid political associations are required on the off chance that you need to effectively battle any business or budgetary case legitimately.click here

    ReplyDelete

Copyright © 2015 Accounting & Taxation All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger