State the timing differences in BRS with examples.

1.	State the timing differences in BRS with examples.
Answer» The timing differences in BRS are: (a) cheques issued but not yet presented for payment (b) cheques deposited into bank but not yet credited (c) bank charges and interest on loan and overdraft (d) interest and dividends collected by the bank (e) dishonour of cheques and bills (f) amount paid by parties directly into the bank (g) payment made directly by the bank to others (h) bills collected by the bank on behalf of its customer

Answer»

The timing differences in BRS are:

(a) cheques issued but not yet presented for payment

(b) cheques deposited into bank but not yet credited

(d) interest and dividends collected by the bank

(e) dishonour of cheques and bills

(f) amount paid by parties directly into the bank

(g) payment made directly by the bank to others

(h) bills collected by the bank on behalf of its customer

Discussion