What is Reconciliation?

You should have recorded in your cash books all amounts you?ve actually received and payments you?ve actually made. However, the cash books may be incomplete as your bank may have put extra transactions through your account, such as: bank fees or interest charges direct debits (payments) and direct credits (receipts). Doing a regular bank reconciliation will allow you to: take into account any extra transactions your bank puts through your account, and check and record any errors or omissions. By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

reconciliation- This is a statement prepared to find the reason for difference in any two balance. eg 1)bank reconciliation is prepared to find the reason of difference between the passbook & cash book balance 2)Stock reconciliation is prepared to the reason of difference between the physical balance & book balance or to find the stock balance as on certain date. etc

Reconcillation is not thing but matching two balances. B.R is matching the Companies bank account with the bank passbook.

the difference in two books can be regarded as reconcillation

Reconciliation is a statement where we reconcile the balances of the pass book and cash book.

It is an identification of errors and not the rectification of errors.

this is a statement prepared to find the reason for difference in any two balance.

In General Reconciliation means, matching the entries by comparing two differenct accounting records. In the area of Accounts, we have a major Reconciliation known as Bank Reconciliation, known as BRS. BRS is prepared in order to ensure the accuracy of entries in the Books of the Company under Cash/Bank account, as reflected in the General Leger, in line with the Balance as per Bank Statement. The preparation of BRS is warranted, when there is a disparity between Book Balance and Bank Statement. Post Reconciliation, the missing entries are indentified by comparing Bank Stmt and General Leger (Bank Book-Subsidiary Ledger) and BRS is drawn out, summarsing the gaps and Entries are passed consequently, to tie up the Balance.

A statment prepared to tally the bank balance as per cash bookwith the items of diffrnce between the two accounts . Causes of diffrences 1.timing of recording 2.error made by entity

reconciliation is compare difference b/w bank statement and company statement to find the mistake or and other falt

ceconcilliation states finding the reason between the two different statement showing the different balance for the same account.

Reconciliation means Bank Reconciliation Statement,This is a statement prepared to find the reason for difference in any twobalance. 1.Pass Book 2. Cash Book mostly this statement prepared at the month ending or else month be beginning

reconcillation is finding The Reason For Differences between two accounts on a specific common date

Reconcillation is nothing but the reasons due to which theredifferences in Balance of Two accounts on specific Date

Reconciliation is a statement where we reconcile the balances of the pass book and cash book. It is an identification of errors and not the rectification of errors

A/c reconcilation means find difference between our books closing balance with another a/c statement. E.G. Bank passbook with our cashbook.Our debtors' ledger with customer's a/c statement

Reconciliation is nothing but to find out the difference between Two Books called Bank Pass book & Company Cash Book

Reconcialiation : difference between the passbook as well as bank balalnce called reconcialiation

Reconcialiation is nothing but comparing with cash book and pass book.

Bank Reconciliance Statement is a statement where in causes responsible for difference between cash book balance and passbalance are established and suitable adjustments are made to remove them. So that two balances can reconcile or agree with each other. It is the statement through which reconciliation or agreement between the cash book and the pass book balance effected.

Bank reconciliation is the process of comparing and matchingfigures from the accounting records against those shown on a bank statement. The result, any transactions in the accounting records not found on the bank statement or vice-versa are said to be outstanding.

Reconcillation means find differences between two balances for eg.B.R is matching the Companies bank account with the bank passbook.Stock Reconciliation is matching actual stock withcompany stock, vendor reconciliation is matching company ledger with vendor ledger etc.

Bank reconciliation is a process of comparing & matching the figures of books of accounts against those are shown in the bank statements.

Is a list which indicates various items that causes various difference between bank balance as per cash book & pass book at any given date.

Reconciliation is a report where you find the dissimilarity between the two company statements of financial records. We need this to be done in a similar way for banks also.

Reconciliation is a statement prepared on a particular day, say at the end of every month to figure out the the reasons for difference between two set of accounts(say BRS, Stock reconciliation etc). While preparing BRS, cash book and bank pass book are the two set of accounts from which reconciliation statement is prepared.

reconsilation is verification whether the balances of cash bookand bank book is matching.generally bank statement is used formatching the amounts...with this we can know how many transactions and how accurately we are maintaining the books of accounts in our company...

reconciliation means to re-cocilate the statement or stock or report that means to prepare the statemnts or reports for comparing any two books or statements and to find mistakes and prepare the reconciliation statement. it is mostly prepared in BRS statemtn for comparing pass book and cash book

reconsidering the statments (cash and passbook)to find the reasons for difference in

balances.

Reconciliation means identifying deference Between cash bookand bank pass book where cash book maintain by bank customer and passbook maintain by bank.

Reconcilliation is just a process of nullifying or equalizing the difference of balances in cash book and pass book

Reconciliation is tally of two different books having same transactions. Such as: Purchaser book & seller books, company book & bank book.

reconciliation nothing but the find the difference which cheques are uncleared means cheques not reflected in Bank Statement

Bank Reconcilliation statement is prepared with a view to find out the causes responsible for the difference between thebalance of cash book and pass book and to reconcile thebalance

What is brs? Bank Reconciliance Statement is a statement where in causes responsible for difference between cash book balance and passbalance are established and suitable adjustments are made to remove them. So that two balances can reconcile or agree with each other. It is the statement through which reconciliation or agreement between the cash book and the pass book balance effected.

Answers: You should have recorded in your cash books all amounts you?ve actually received and payments you?ve actually made. However, the cash books may be incomplete as your bank may have put extra transactions through your account, such as: bank fees or interest charges direct debits (payments) and direct credits (receipts). Doing a regular bank reconciliation will allow you to: take into account any extra transactions your bank puts through your account, and check and record any errors or omissions. By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements. reconciliation- This is a statement prepared to find the reason for difference in any two balance. eg 1)bank reconciliation is prepared to find the reason of difference between the passbook & cash book balance 2)Stock reconciliation is prepared to the reason of difference between the physical balance & book balance or to find the stock balance as on certain date. etc