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Statement prepared by the Business entity,
Reconciling/Matching the bank balance as per
the cash book(Bank Column) & the Pass
book.
find out the differences between the balances &
nullify them
BRS is prepared by the business entity
The Cash Book is prepared by the business
entity
Pass book/Bank Statement is prepared by the
bank to have a record of the customer’s
banking transactions.
Bring out errors in Cash book/Pass book
Detection of Undue delay by the bank
Discourages any manipulation by Accountant
Finding out actual position of bank balance
Timing differences : Differences due to
different treatments in Cash & Pass book.
(on different dates)


Other differences : Difference due to errors in
Cash book.
Cheque deposited but not cleared
Cheque issued but not presented for payment
Bank Charges/Interest debited/credited in
bank account.
Direct payment/receipt by bank

Transaction not recorded/twice recorded in
cash book.

Any other clerical mistake( wrong amount,
wrong casting, etc) in cash book.
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