Bank Reconciliation Statements (BRS)

Bank Reconciliation Statements (B.R.S)

Question: What is Bank Reconciliation Statement?

Answer: It is a statement showing the reason of differences between the "CASH BOOK" and the "PASS BOOK" balances of the business on a particular date.

"A process followed by Individual or Business to find the difference between Cash Book & Pass Book".

Example's:

Cheque issued but not yet presented for the payment.

Step 1

Step 2

Step 3