If the BRS is started with Credit balance of Cashbook with what balance of passbook does it will end ??

HARSH · 24 Sept 2024

If the Bank Reconciliation Statement (BRS) starts with a credit balance of the cashbook, it will end with a debit balance in the passbook. Reason: - The cashbook shows a credit balance, indicating the business has more funds in its books than in the bank. - The passbook, reflecting the bank's records, will show a debit balance (or overdraft) to reconcile the difference. - The BRS adjusts the cashbook balance to match the passbook balance, resulting in a debit balance in the passbook. This ensures the two records are reconciled and accurate.