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Bank Reconciliation Statement : Video Class

 

Bank Reconciliation Statement (BRS) is prepared to reconcile the difference between the cash book and pass book balancesIt can be prepared by starting with either balance, adjusting for items like unpresented cheques, uncredited deposits, bank charges, and direct depositsDifferences arise due to timing discrepancies or errors made by the business or the bank.

Bank Reconciliation Statement

1

◼️ Introduction to BRS

◼️ Causes for Difference between Cashbook & Passbook 

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2

◼️ Preparation of BRS with Cashbook Balance

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3

◼️  Preparation of BRS with Passbook Balance

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4

◼️  Preparation of BRS with Overdraft

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