Causes of discrepancies cash balances as per bank and as per the accountant are shown by ........

General Accounting Principles Bank reconciliation statement

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Causes of discrepancies cash balances as per bank and as per the accountant are shown by:

Bank statement

Cash book

Bank reconciliation statement

Revised cash book

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Explanation:

Bank reconciliation statement:

Since two copies are never identical, two record keeping accounts can never be the same. There lie causes of difference in BRS (Bank Reconciliation Statement). It records the causes of difference in BRS and helps in correction. For better accounting, reconciliation records cause of the difference in BRS. Although it seems an easy task, it requires proper attention. Once you rectify the causes of difference in BRS, you are free to handle other business issues.