Bank Reconciliation Statement

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5 Terms

1
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Making BRS (starting with Updates Cash Book Balance)

(+) uncredited cheques 
(-) lodgments (unpresented deposits)

2
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Making BRS (starting with the given Bank Statement Balance given)

(+) Lodgments (uncredited deposits)
(-) unpresented cheques

3
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Bank  Statement

Statement issued by bank to show the balance in the bank account and the amounts that are paid into it or withdrawn from it

4
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Unpresented Cheques

Cheques issued by the business but not yet cleared through the bank system

5
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Bank Reconciliation Statement

Statement made by comparing the bank column balance and the bank statement balance