The preparation of a bank reconciliation is an important cash control procedure. If a company deposits cash receipts daily and m
akes all cash disbursements by check, explain why the cash balance per books might not agree with the cash balance shown on the bank statement. Identify specific ex
Bank Reconciliation Statement is prepared to reconcile (match) the differences between bank balance as per cash book & bank balance as per pass book, at end of an accounting period.
The differences may arise because of following reasons :
Errors committed by firm or bank
Cheques paid but not collected, upto the last date (added in cash book, but not in bank balance)
Cheques issued but not yet presented for payment, upto last date (subtracted in cash book, but not in bank balance)
Direct expenses & direct incomes settled by bank (done in bank balance, but not in cash book)
BRS involves starting with balance as per any book - cash book or passbook. Then, the adjustments for mismatch are done, to arrive at correct balance as per the other book.
<span>One analyst indicates that he has studied several of amc's competitors and found that they share a set of critical and core attributes. They included the following attributes rights or shareholders and other core stakeholders are clearly delineated.</span>
The answer is wear-and-tear theorists. Wear and tear speculations of natural maturing suggest that maturing in people and different creatures is just the aftereffect of widespread deteriorative procedures that work in any sorted out framework.
