Why do companies prepare Bank Reconciliation Statement? what is the use of it?

Gali Manoj

• Aug 30th, 2017

BRS may be defined as the statement showing the difference between the Cash Book and Pass Book
The BRS process helps to identity the errors omitted either in cash book or pass book
BRS may also show any delay in the clearance of cheques.

shahim

• Aug 27th, 2017

First we credit the amount to customer ac and debt to bank ac, once bank reco we understand how many double entry and how many payment realized in companies bank ac

Answer Question  Select Best Answer