by Bank Reconciliation Statement also known as BRS. Bank reconciliation is a process of matching entries (e.g. customer payments, receipt, bank fees etc.) on the company’s tally books with the corresponding data on its bank statements.
Using BRS companies can confirm that the company’s records are correct or not.
Record the following transactions in the books of M/s ABC Limited and prepare Bank Reconciliation Statement for the month of January 2020:
