Bank Reconciliation Statement (BRS) – Flashcards

A statement prepared by a business to match the Cash Book balance with the Pass Book balance.

To find the correct balance and ensure both books match due to timing differences, errors in recording, and unrecorded transactions.

1. Cheques issued but not presented 2. Cheques deposited but not cleared 3. Bank charges 4. Interest credited by bank 5. Direct deposit by customers 6. Wrong entries.

Add to Cash Book.

Subtract from Cash Book.

Subtract from Cash Book.

Add to Cash Book.

Start with either the Cash Book balance or Pass Book balance, then add or subtract items that cause the difference.

BRS helps you find errors, track missing transactions, and match bank and company records.

Our book.