what is the main purpose of preparing a bank reconciliation statement?
Answers
Answered by
0
Answer:
Bank reconciliation statements ensure payments have been processed and cash collections have been deposited into the bank. The reconciliation statement helps identify differences between the bank balance and book balance, in order to process necessary adjustments or corrections.
Answered by
3
Answer:
BRS is prepared on a periodical basis for checking that bank related transactions are recorded properly in cash book Bank column and also by the bank in their books BRS helps to detect a errors in recording transaction and determining the exact bank balance as on a specified date
Explanation:
make me brain list
Similar questions