What is meant by bank reconciliation statement?

Question added by PAZHANI VADIVELU , ASSISTANT PROFESSOR IN MASTER OF BUSINESS STUDIES , ADHIPARASAKTHI ENGINEERING COLLEGE
Date Posted: 2015/11/10

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by Qumasha Altassan , Senior advisory associate , KPMG

The bank statement lists the activity in the bank account during the recent month as well as the balance in the bank account.

Is Bank Reconciliation Statement (BRS) prepared to know the causes for the differences?
Top Answer: Bank reconciliation is prepared to know the differences between balances as per the Bank column of Cash B ... See More

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How to make bank reconciliation statement in simple steps?
Top Answer: frankly See More

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The following information is associated with the bank reconciliation of CDB Company as of 31 October 2013
Top Answer: Unadjusted Balance per Bank 1,882 + Deposit in Transit ... See More

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When are we using journal entries on bank reconciliation?
Top Answer: For adjusting entries we pass the journal entries in BR, eg:- Bank service charge for maintaining the acc ... See More

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