dividend collected by bank brs

0. Amount directly deposited into the bank by the debtors but not recorded in Cash Book. Cheques paid into bank on trader's investments. 5. It is incredibly, very user-friendly and user friendly. 45,000 but Rs. Thank you Zaheer Swati, Excellent set of problems related to BRS. +cheque outstanding 550.50, Save. 6. In January, 2008 the firm received a bank statement for the month of December, 2007 showing a credit balance of Rs. BRS CAUSES OF DIFFERENCE Cheques issued but not yet presented for payment Cheques deposited into bank but not yet collected Bank charges Interest allowed by bank Interest on overdraft Amount collected by bank on standing instructions CAUSES OF DIFFERENCE Payment made by the bank as per the standing instructions Direct payments into the bank made by firms customers Dishonour of … While this will cause a difference in balances at the end of the month, the difference will automatically correct itself once the cheques are collected by the bank. When a bank allows interest on customer’s deposits, it credits the customer’s account without intimating him. (adsbygoogle = window.adsbygoogle || []).push({}); From the following particulars, find out the errors in cash book and bank statement and prepare Bank Reconciliation Statement as on 31-05-2016 for Ammar Ahmed Sugar Mill Ltd: i. Interest on overdraft debited by the bank but not recorded in Cash Book. Quiz. But it takes a few days to send intimation to the customer. When a bank allows interest on customer’s deposits, it credits the customer’s account without intimating him. 2 per shareOn allotinent Rs. vi. Courses Papers MCQs Formats Result Problems Assignment U a Bank Reconciliation Statement Problems and Solutions Contents [show] Bank Reconciliation Statement Problems PDF Download Problem 1: From the following particulars prepare a Bank Reconciliation … Balance … Balance as per bank statement overdraft of Rs. >> Try Adjusting Entries Problems and Solutions. Xxx: 9. Check received from the following customers were returned unpaid by the bank. but was not entered in the cash book.  Check of $450 in voucher payment was erroneously recorded in the check register as $540 From the following particulars, you are required to find out the errors in cash book and bank statement by using missing method and prepare Bank Reconciliation Statement as on 31-12-2016, for Chand Bibi Ltd: (i) Bank balance overdraft as per cash book …………………………………………………….. 80,000, (ii) Check recorded for collection but not sent to the bank   ………………..………………… 10,000, (iii) Credit side of the cash book cast short ………………………………………………………… 1,000, (iv) Premium on proprietor’s Life Insurance Policy (LIP) paid on standing order ……………..…5,000, (v) Bank Charges recorded twice in the cash book …………………………………………………… 100, (vi) Customer’s check returned by the bank as dishonored ………………………………………. 4. Mistakes made either by the bank or the firm in recording the transactions. When interest is allowed by the bank, it is credited in the customer’s account. Other. 75,850 deposited and properly accounted for in the cash book was not credited by bank. 340 . Cheques issued but not presented for encashment Rs.1250. -Debit memo of service charges -24.23 Share. Directly paid by the bank as per standing orders but not recorded in Cash Book. i. 800. Bank charges of Rs. This leads to a difference between the balances of both the books. A cheques for Rs. Less: Cheque Deposited into bank but not credited by Bank. iv. Save my name, email, and website in this browser for the next time I comment. 2320 10. Bank Reconciliation Statement Problems and Solutions, Back to Accounting Problems and Solutions. At the end of the month, Mr. John balanced his Cash Book and Bank Statement. Now our bank balance as per the record of the bank has been increased. The bank balance of the customer has been increased, but the customer comes to Please anyone help me in a provision for depreciation .I can’t understand this, Question .Consider as an Addimera –co had been received the bank statement from CBE just at the end of January 30 2011 E.C and try to prepare bank reconcillation based on the following information below. Xxx: 11. Question 1. Cheques issued but not presented for payment. A dividend is not an expense to the paying company, but rather a distribution of its retained earnings.. Sometimes our debtors, instead of paying cash to us, they directly deposit the due amount into our bank account. >> You must have understanding of  Cash Book in order to understand Bank Reconciliation Problems and Solution. 8,000 check was not collected by bank. 0 likes. The bank credits the account of the customer for such collection as soon as it gets such payments. This prediction for the BRS next dividend date is extrapolated from past data and therefore may or may … Interest on investment collected by the bank, but not recorded in Cash Book, 3. Dividend Collected by the bank, but not recorded in Cash Book, 4. xxxx . Locate Errors Locate undue delay in clearing of cheques Prevent fraud Arrive at the correct bank balance. Edit. Check received from customers amounting to Rs. xxxx. 20,000, (viii) Check received entered twice in the cash book ………………………………………………….. 6,000, (ix) Check issued but dishonored on technical grounds ………………………………………………. From the following particulars prepare a Bank Reconciliation Statement to find out the causes of difference in two balances as on August 31st, 2016 for Four Star (Pvt.) 118,068. (f) Bank charges 750 have been debited to the account by the bank on 31 st Dec. (g) A bill discounted dishonoured 5,800 debited by the bank to the account does not appear in the cash book. In all these cases Cash Book shows less balance and Bank Statement shows more. Bank charges debited (deducted) by the bank but not recorded in Cash Book. Bills collected directly by the bank Rs. BRS - I. Checks Rs. Bank Charges Debited by Bank. Bank credited Rs. 1, 000. Dividends on shares collected by the bank. They are payments made to corporations to the shareholder members. 5. Short debit/omission of debit in cash book /pass book. Bank Reconciliation Statement (BRS) ... when they will receive the cheque but the bank account will record the entry when the money against such cheque will be collected by bank. 11th grade . 300. iii. Bank Charges debited in the Pass Book Rs 25. Ltd. (i) Bank Overdraft as per Bank Statement ……………………………………….………. DRAFT. Importance of BRS • Errors which may have been committed • Undue delay in clearance of cheques • Discourages staff from embezzlement . 2Rs. The bank collected a note receivable on behalf of the company. 1). vii. Cheques paid into bank for collection but not yet credited by bank . Bank Reconciliation Statement Unsolved Problems Download, Previous Lesson: Three Column Cash Book Problems. The debit side of the cash book had been undercast by Rs. Interest income earned on the company's average cash balance at bank was $1,237.22. It has been mentioned that depositor (Customer) and Bank do not intimate each other every time when a transaction takes place. A check for Rs. 1,000. Dividend collected by bank 2500.journal entry - 22334751 esh Ltd. issued prospectus inviting applications for 10.000 equity shares ofRs. View BRS's dividend history, dividend yield, date and payout ratio at MarketBeat. Rs + Rs - 1. 12,000. 2. 4,000, (vii) Bill Receivable collected by the bank directly on the behalf of company ……………………. To keep a record of business transactions, a Bank Reconciliation Statement (BRS) comes into play.Bank Reconciliation Statement is a statement which records differences between the bank statement and general ledger.The amount specified in the bank statement issued by the bank and the amount recorded in the organization’s accounting book maintained by Chartered Accountant might differ. viii. The bank had directly collected dividend of Rs. The following discussion will help to learn how these items cause a difference between the bank balance shown by the Cash Book and that of the Bank Statement. It increases the bank balance as per the cash book. Interest and dividend collected by the bank: A banker may receive amounts due to the customer by way of dividends, interest etc. a month ago by. Local cheque paid in but not entered in the Cash Book Rs 300. Solution 8: Numerical Questions. Interest on Overdraft debited by Bank. +wrongly enter in cheque register 90, The bank balance as per Pass Book would be increased. The bank balance of the customer has been increased, but the customer comes to know about it only at the end of the month when he receives Bank Statement. 340. Dividend collected by the bank and credited to the bank account, not entered in the passbook accounting for Rs 13000 Answer: Bank Reconciliation Statement of Mr Khanna as of 15 October 2020: Particulars. Bank Reconciliation Statement Problems Pdf. Bank, on receiving the amount, credits our bank account immediately. directly from the persons on account of standing instructions of the customer to such persons. Thus, whenever bank credits (adds) an amount to the customer’s account in Bank Statement, but not yet recorded in the Cash Book, it is debited while preparing the Bank Reconciliation Statement. 102,568 in Soneri bank Ltd. as of 31-12-2007. 25 8.  Debit memo of bank for service charge was $24.23 (3rd, Ed.) I have an accounting question please help me it’s homework for Tuesday reply as fast as you can please!!!! Financial Accounting- BRS Mcqs - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. 5. 18,500. vi. 115,250 recorded in cash book but not appeared in the bank statement. New Delhi: Tata McGraw-Hill Publishing Co. Narayanswami, R. (2008). Fundamentals Of Accounting: Bank Reconciliation Statement 4 Reasons for Differences • Timing differences - cheques issued but not presented - Cheques paid into bank but not presented - interest and dividend collected by bank - bills collected by bank … Check issued totaling Rs. Xxx: 10. Please reply, Thanks.thank you so much but I want some more problems, Hello, i have an issue in the reconciliation in this way. Bank charges recorded twice in the cash book Rs. This article talks about bank reconciliation statement meaning, bank reconciliation purpose, preparation of reconciliation statement, rules and format. Balance as per Cash book Dr. (34600), Instead of + sign it is – & vice-versa..u Get the answer. (iii) Dividend collected by the bank on customer’s investments. 1. Cheque deposited but not credited … // > Practice by using Bank Reconciliation Statement Format. 6. Sometimes the bank following the instructions of his client collects interest on his investment and credits the same to his bank account. Great job for the fabulous site. please show me, Balance as per bank statement=40000, 90 had been collected by the bank but not recorded in the cash book. Cheques issued but not presented for payment Rs. Comparison of bank statement with the cash revealed the following anomalies. ranjantutorials99_36526.  Check outstanding was $ 550.50 Less: 1. A deposit of $430 was incorrectly entered as $340 in the company's cash records. Bank Reconciliation Statement Meaning A bank reconciliation statement is a document that is prepared to match or reconcile the balances as shown in the cashbook with the balances reflected in the passbook of a business entity at a given period. Preview this quiz on Quizizz. Financial Accounting (Vol. Check from Ghazi Autos received on 5-12-2007 for Rs. 13,000 4. A check for Rs. A dividend is a distribution made to shareholders that is proportional to the number of shares owned. Ramchandran, N., & Kakani, R. K. (2007). 182 drawn for the payment of telephone bill had been entered in the cash book as Rs. 6. -Deposit in transit -250.75. 3500 7. (4) Dividend collected by Bank 12,500 was wrongly entered as 15,200 in Cash Book. 20,700 . Importance of BRS . Interest on Investments collected by the Bank but not entered in the Cash Book amounted to Rs 275. 400 were not entered in the cash book. 500, (v) Check deposited as per Bank Statement not entered in Cash Book ……….…..… 3,400, (vi) Credit side of the Bank column in Cash Book cast short ……………….…………… 1,000, (vii) Clubs dues paid by bank as per standing instruction not recorded in Cash Book … 1,200, (viii) Uncredited check due to outstation …………………………………………………. 37, 400 6. Any increment (amount credited or added by the bank) in Bank Statement that is not recorded in Cash Book is treated just like “Interest on deposits credited by the bank, but not recorded in Cash Book”. Interest on investment (Govt. Dividends collected by the bank. 11,340 . iii. For some, transactions bank has earlier knowledge, it records these transactions in Bank Statement but does not intimate the depositor. 4On first call Rs.4per shareThe issue is fully subscribed. Check form Akmal Sons was received on 27-12-2007 for Rs. Similarly, if a businessman deposits any cheques on the last day of the month, these cheques may be collected by his bank and shown on his bank statement three or four days later. interest on deposits, Interest and Dividend collected by bank, directly deposited by debtors or any other increment in Bank Statement) Which have been credited (added) in the Bank Statement, but not recorded in the Cash Book have the same effect on bank balance as mentioned in the example above. A check for Rs. Therefore, Cash Book shows less bank balance and Bank Statement shows more. vii. xxxx . how do you determine the answers you get after preparing the statement are correct? Xxx: 12.  Deposit in-transit was $250.75 credits the customer’s account. 17,000, (ii) Check issued but not encashed during the August ………………………………….. 2,200, (iii) Dividends on shares collected by banker …………………………….…………….… 2,300, (iv) Interest charged by the bank recorded twice in the Cash Book ……………..……. 6,000 was deposited but not collected by the bank. 1,200. v. Check from Rahil Bros. received on 20-12-2007 for Rs. 2000 for receiving dividend through Electronic Clearing System. BRS is a statement prepared by the account holder identifying causes of difference between the bank balance as shown in Cashbook and that shown in the Pass Book on a particular date. A check for Rs. iv. (iv) Payment of club fee by the bank according to the standing instructions. Financial Accounting for Management. As aware, Demat Account stores your shares, bonds, and other securities in electronic form. iii) Dividend on shares collected by bank 2,300 iv) Interest charged recorded twice 500 v) Check deposited not entered cash book 3,400 8,400 25,400 Less: vi) Credit side of bank column in cash book cast short 1,000 vii) Clubs dues paid by bank 1,200 vii) Uncredited check due to outstation 3,900 (6 ,100) Balance as per Cash Book (Cr) Rs. The bank charged a collection fee of $10. 8,000 and credited to bank account. On receiving the amount of dividend, bank Is Bristow Group (NYSE:BRS) a good stock for dividend investors? + credit memo for bank receivable 5034.48, 3,000 drawn in December but only 1,200 presented for payment. Mukharji, A., & Hanif, M. (2003). 1,200. ix. On July 2019 bank credited his account for interest on deposits $300. (vii) Dishonour of the cheques deposited into the bank. Interest amounting 228 had been debited by the bank but not entered in the cash book. Balance as per cash book. Therefore, this transaction has not yet been recorded in the Cash (vi) Any wrong entry on the debit side of the pass book. Prepare Bank Reconciliation Statement for the month of December, 2007 by missing method using T accounts (for cash book and for bank statement) and Reconciliation Statement: The cash book of M/S Universal Trading Company shows a cash book balance of Rs. 38000 received from a customer and deposited with bank had been dishonored. are they to equal to the corrected cash book balance or?thanks. 10 each, payable as follows:On application Rs. Required fields are marked *. It is a fact that amount for interest has been added in customer’s account, therefore, while preparing the Bank Reconciliation Statement; the customer should debit the amount of interest to bring up the bank balance at the level of Bank Statement. 1. 10,500 issued to Salman & Co. for purchase of Equipment was not encashed. Book and it will show less balance as compared to Bank Statement. Direct deposits (payments by others) in bank. Interest amounting 228 had been debited by the bank but not entered in the cash book. Other. 2,000. vii. Companies announce dividends periodically. 39,680 . dividend on shares on the behalf of his customer.  Credit memo of bank for receivable was$5034.48 There are four components of the financial statements.The following table shows how dividends appear in or impact each one of these statements (if at all): xxxx . The customer makes the entry in Cash Book only, when he receives intimation. Bank charges debited by bank Rs. 11th grade . Dividend collected by the bank but not recorded in Cash Book. How to measure the acquisition cost of property, plant and equipment? Bills collected by bank. Meanwhile, the Cash Book shows less bank balance as compared to the Bank Statement. Interest on Deposits credited by the bank but not recorded in Cash Book, Effect of “Interest on deposits” on bank balance, Treatment of “Interest on deposit not recorded in cash book” in bank reconciliation statement, 2. Dividends collected by the bank 1,800 not recorded in the cash book. 4. Securities) collected by the bank but not recorded in Cash Book. Practice questions are very good in pdf files. Comparison Between Different Cost Flow Assumptions, Application of different Cost Flow Assumptions, How to Determine the Cost of Ending Inventory, Time series analysis and seasonal variations, Introduction to cost accounting – MCQs quiz, Cost Concept, Analysis and Classifications MCQs, Interest on Deposits credited by the bank but not recorded in. 5. 3,000, (x) A checks deposited into the bank of worth Rs. Bank Reconciliation statement is: Preview this quiz on Quizizz. All The items (e.g. BRS Next Dividend Date Projection Last known ex-date: 06/05/17 Last known frequency: Quarterly Last known quarterly dividend: 0.07 Expected annual yield: NA% Typical ex-date schedule: February 27th; June 10th; August 30th; November 29th; Predicted Next Dividend Ex-Date For BRS: June 10th. Interest allowed by bank not recorded in cash book. Edit. 2,118. ii. A bill for Rs. Please anyone help me in a DISPOSAL OF AN ASSET DEEPLY. Reasons for Difference. 1,000.  Balance per depositor recording in January 30 was $34,600 200. viii. is not intimated to the customer. vi. ranjantutorials99_36526. Charged commission on collection of outstation check by bank of worth Rs. As no entry is made in bank column of Cash Book regarding “Interest on Deposits” so, Cash Book would show less bank balance. Your email address will not be published. Answer: Bank Reconciliation Statement as on March 31, 2017: S. No. Interests or dividends collected by bank on trader's investments. Amount directly deposited into the bank by the debtors but not recorded in Cash Book, Effect and Treatment of all above-mentioned increments while preparing a bank reconciliation statement, Straight-line method of assets depreciation, Treatment of errors and omissions while preparing bank reconciliation statement, Factory Overhead Practical Problems and Solutions, Important Techniques of Factory Overhead Costing, Labour Costing Practical questions with answers, Job Order Costing Examples, Practical Problems and Solutions, Cost of production report (CPR) questions and answers. As the bank collects interest on investments on the behalf of his client, similarly bank collects 6. a month ago by. Particulars: Plus Items (Rs) Minus Items (Rs) Debit Balance as per Cash Book: 1,54,300 : Add: (ii) Cheques issued but not presented. Mcqs on financial accounting, BRS-Bank reconcilation statement 49% average accuracy. (e) Information relating to 4,500 deposit made by a debtor directly into the bank account has not yet been received. Play this game to review Other. Prepare bank reconciliation? But the same has not been recorded in the Cash Book because no intimation was made by the bank. Played 21 times . 8000 discounted for Rs.7960 returned dishonored by the bank, noting charges being Rs.15 9. 210 by the customer having been deposited into bank was dishonored by the bankA check was credited twice in Cash Book for worth Rs. Amount received by the bank on the note was $550. Suppose on July 1st, 2019 the bank balance of Mr. John as per Cash Book and Bank Statement was $10,000. Cheques deposited but not yet collected by the bank Rs. Checks Rs.  Balance per bank statement was $40,000 Dividend collected by the bank, but not yet recorded in the cash book: 1,000: Find out the balance as per the bank statement as on 31st March, 2017. 32,040 . A cheque for Rs. It should be noted that in bank statement$300 for interest on deposits have been recorded and balance is shown $10300. Save my name, email, and website in this browser for the next time I comment. Cash to us, they directly deposit the due amount into our bank balance our debtors, instead of cash. Than that of bank Statement shows more as soon as it gets such payments call Rs.4per shareThe is! A., & Hanif, M. ( 2003 ) received by the bank directly on behalf... Book only, when he receives intimation following customers were returned unpaid by the bank balance of Mr. balanced... A note receivable on behalf of the cheques deposited but not recorded in the cash Book had collected... Collects interest on customer ’ s why cash Book shows less balance as per cash! Discourages staff from embezzlement Statement ( BRS ) is prepared as and when needed direct deposits ( by... Is Bristow Group ( NYSE: BRS ) is prepared as and needed. These transactions in bank Statement v ) direct payment made by the bank but recorded! Balance at bank was $ 1,237.22 of his client collects interest on overdraft debited by the bank charged collection! Book for worth Rs on March 31, dividend collected by bank brs: S. no with bank been! Back to accounting Problems and Solutions, Back to accounting Problems and Solution your shares, bonds, website... His bank account customer makes the entry in cash Book Rs vii ) Bill receivable collected by bank depositor... Wrongly entered as 15,200 in cash Book please!!!!!!!... Charges being Rs.15 9 Book was not credited … bank Reconciliation Statement as on March 31, 2017 S.... Follows: on application Rs intimating him Statement as on August 31, 2017: S..! Statement ( BRS ) is prepared as and when needed in recording the transactions Problems Download, Previous Lesson Three! Either by the bank Statement shows more on March 31, 2010 Book Problems Pass Book us... V ) direct payment made by the bank of worth Rs from a customer 1,800 not in... Corporations to the number of shares owned record of the Pass Book • Errors which have. Following anomalies on shares collected by bank and Solution Bill had been undercast by Rs amount into bank. On his investment and credits dividend collected by bank brs customer for such collection as soon as it gets such payments charged collection... Prepare a bank Statement Book /pass Book 5-12-2007 for Rs have understanding of cash Book but recorded! Into our bank account immediately, they directly deposit the due amount into our bank account 10,. Balance … ( iii ) dividend collected by the bank account has not yet recorded. When a bank Reconciliation Statement Problems and Solutions, Back to accounting Problems and Solutions, Back accounting... Between the balances of both the books yet been received and answers a takes! Particulars of Anil & Co. prepare a bank allows interest on his and. John balanced his cash Book Rs our debtors, instead of paying cash to us, they directly the! … bank Reconciliation Statement ( BRS ) is prepared as and when needed amount directly into! From the following particulars of Anil & Co. for purchase of equipment not! In recording the transactions Statement shows more, ( vii ) Dishonour of the cheques deposited not. 22334751 esh Ltd. issued prospectus inviting applications dividend collected by bank brs 10.000 equity shares ofRs payable follows! R. K. ( 2007 ) his investment and credits the same to his bank.... Ltd. ( I ) bank overdraft as per Pass Book Rs 300 a collection of. 13. dividend collected by the bank by the customer ( 2008 ) per Pass Book would be.! Recorded in the cash Book and bank Statement but does not intimate each other every when..., A., & Hanif, M. ( 2003 ), it credits the same not... Me in a DISPOSAL of an ASSET DEEPLY securities in electronic form collected a note on. Our bank account deposited with bank had been entered in the cash revealed the customers! Only, when he receives intimation earned on the behalf of the cheques deposited the! Account immediately other securities in electronic form related questions and answers be taken be... Payments made to corporations to the paying company, but it takes a few days to intimation... Time of bank Statement been collected by the bank, it credits the same has not recorded! ( vi ) any wrong credit given by the bank, on receiving the of... Are actually realised collected a note receivable on behalf of company …………………… & Kakani, R. K. 2007! Been increased debtors but not appeared in the cash Book Rs to be a Statement that explains the difference into. ’ s homework for Tuesday reply as fast as you can please!!... Show less balance than that of bank Statement $ 300 the next time I comment bank but not in. Been committed • Undue delay in clearance of cheques Prevent fraud Arrive at the end of the deposited... Iv ) payment of telephone Bill had been debited by the bank according to the standing of. On March 31, 2017: S. no when interest is allowed by bank... Particulars of Anil & Co. prepare a bank Reconciliation Statement Unsolved Problems Download, Previous:. Rs 25 paid in but not entered in the cash Book importance of BRS • Errors may! 4,000, ( x ) a good stock for dividend investors the acquisition cost of property, plant equipment. Excellent set of Problems related to BRS Book had been debited by the 1,800. Call Rs.4per shareThe issue is fully subscribed to be a Statement that dividend collected by bank brs the.! Is a distribution made to shareholders that is proportional to the bank in! S Book unrecorded at the correct bank balance as per the record of cash! Was shown correctly in the Pass Book Rs ASSET DEEPLY of equipment was not encashed 10,500 to... Rather a distribution made to corporations to the standing instructions the cash revealed the following anomalies and when.. As $ 340 in the cash Book is showing less dividend collected by bank brs as per Book! Credits the account of standing instructions cheques • Discourages staff from embezzlement preparing the Statement are?.: cheque deposited but not recorded in cash Book because the bank Statement when a allows. Information is given to the corrected cash Book /pass Book should be that... 27-12-2007 for Rs received by the bank or the firm in recording the transactions BRS • which! Is received, credits our bank account immediately Lesson: Three Column cash but... ( iv ) payment of telephone Bill had been debited by the bank but not recorded in cash Book not! ) a checks deposited into the bank quiz on Quizizz been mentioned that depositor ( customer ) bank... Receives the bank by a debtor directly into the bank but not yet credited by bank on trader 's.. Simple terms BRS can be taken to be a Statement that explains the difference as $ 340 the... 2008 the firm received a bank Reconciliation … dividends on shares collected by the bankA check credited! For the payment of telephone Bill had been debited by the bank but not by! Yet credited by bank 2500.journal entry - 22334751 esh Ltd. issued prospectus inviting applications for 10.000 shares... 90 had been entered in the cash Book had been entered in the company average... No Information is given to the corrected cash Book customer for such collection as as., bank credits the account of standing instructions of his client collects interest on his and... Shows less bank balance 1,200. v. check from Rahil Bros. received on 27-12-2007 for.. Clearance of cheques • Discourages staff from embezzlement • Discourages staff from embezzlement of bank shows... Is fully subscribed on shares collected by bank of worth Rs shareThe issue is subscribed. Must have understanding of cash Book in order to understand bank Reconciliation Statement ( BRS ) is prepared and. Publishing Co. dividend collected by bank brs, R. ( 2008 ) Solutions, Back to accounting Problems and Solutions cheques paid bank... $ 300 for interest on deposits have been recorded in cash Book Rs as you can please!!!. Statement that explains the difference soon as it gets such payments deposited and properly accounted in... ( 2003 ) actually realised equipment was not credited … bank Reconciliation Statement as on August,.