Saturday, 7 May 2011

what is bank reconcilations statement

BRS means analysis and adjustment difference between the
cash shown on a bank statement, and the amount shown in the
account holder's records. This matching process involves
making allowances for the cheques issued but not yet
presented, and cheques deposited but not yet cleared or
crideted. And, if discrepancies persist, finding the cause
and bringing the records into agreement

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