Therefore, before closing the accounting chapter in the banking book, reconciliation checks whether the closing page hits green light i.e. ending is correct and safe. Solved Questions for You Question: Who prepares the Bank Reconciliation Statement for private firms? Answer: Private firms certainly ...
Bank reconciliation statement (BRS) format Benefits of using accounting software for preparing BRS Comparing the two statements with a long list of transactions is stressful and error-prone using the manual and conventional method of bank reconciliation. ...