Bank Reconciliation Statement (BRS) is prepared to reconcile the difference between the cash book and pass book balances. It can be prepared by starting with either balance, adjusting for items like unpresented cheques, uncredited deposits, bank charges, and direct deposits. Differences arise due to timing discrepancies or errors made by the business or the bank.
Bank Reconciliation Statement | ||
1 | ◼️ Introduction to BRS | |
2 | ◼️ Preparation of BRS with Cashbook Balance | |
3 | ◼️ Preparation of BRS with Passbook Balance | |
4 | ◼️ Preparation of BRS with Overdraft | |
| Presented by Suku S | ||

