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Learn in Simple steps to prepare Bank Reco Statement

Learn in Simple steps to prepare Bank Reco Statement

How to prepare a Bank Reconciliation Statement
Last updated 6/2024
English

What you'll learn

  • Why Bank Reconciliation is to be prepared
  • Who prepares Bank Reconciliation statement
  • When is the Bank Reconciliation to be prepared
  • Easy and simple tricks to prepare Bank reconciliation statement

Course content

1 section • 5 lectures • 48m total length
  • Introduction4:06

    Who prepares BRS, Why BRS is to be prepared, When BRS is to be Prepared, Summary of

  • Reasons for Differences in the balance of two sets of books9:06

    The various Reasons attributable for difference in balance as per two sets of books.

  • Formats of Cash book & Bank Pass book, Rules of preparing BRS10:30

    Different types of Cash book, Formats of Bank column of Cash book & Bank Pass book, Rules for preparing BRS.

  • Adjusted Cash book, Different methods of Bank Reconciliation7:19
  • Types of Problems17:09

Requirements

  • A Laptop, Good Internet connection

Description

The prospect will be learning about Who , When & Why of preparing BRS, Reasons for differences in the balance of Cash/ Bank book & Bank Pass book, Various types of Cash books, Formats of Cash book & Bank Pass book,  3 Rules of Preparing BRS, Formats of Cashbook & Bank books, Methods of preparing BRS, Adjusted Cash book, Smart and Easy Tricks to prepare BRS., Various types of problems.

It helps the students to identify various items which are subject matter of differences and reasons attributable to differences in both the set of books of accounts. It helps to understand the Rule of Balance of which book is to be considered as CORRECT, Which book the entries are to be passed, and Which Book balance should be considered as a Starting balance. It also teaches as to with which book balance the BRS will be closed.  The formats of Cash book helps students to understand as to what will be recorded on Debit side and what type of entries on Credit side. How is the format of Bank pass book different from Cash book.  It   further helps to understand as to what entries are to be considered while preparing Adjusted Cash book and which are not to be considered while preparing Adjusted Cash book

Who this course is for:

  • Xth and above Grade students having Accounting as a subject