BRS - Bank Reconciliation Statement

A bank reconciliation statement is a statement PREPARED by organizations to reconcile the balance of cash at bank in a company's own records with the bank statement on a particular date.

The differences may arise because of the FOLLOWING reasons:

• Cheques deposited into bank but not yet COLLECTED by bank
• Cheques issued by the organization but not yet presented for payment
• Cheques directly deposited by customers into the bank
• Bank charges debited by bank
• Interest CREDITED or some receipts directly collected by bank based on org. request.
• Some payments directly made by bank based on the organizations request.

So, the statement shows the reasons as what are the reasons for difference in balance.

BRS - Bank Reconciliation Statement

A bank reconciliation statement is a statement prepared by organizations to reconcile the balance of cash at bank in a company's own records with the bank statement on a particular date.

The differences may arise because of the following reasons:

So, the statement shows the reasons as what are the reasons for difference in balance.