what is by brs?
Answers were Sorted based on User's Feedback
Answer / deepa rajesh
Bank Reconciliation statement(BRS) is the statement which
shows the various reasons for the difference in closing
balances between the pass book which is maintained by the
banker and the bank column of cash book which is maintained
by the accountant of a concern on a particular day.
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Answer / ramanujan
BRS means bank reconsilaton statement, it prepared for know the difference between bank book and cash book
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Answer / xxxxx
BRS is nothing but the statement which shows the total balance of cash book equal to the pass book or vice versa or difference between pass book and cash book. it is classified as ordinary balance and overdraft balance.
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Answer / kasireddy
is prepared by the customer it is prepaid periodically usually at the end of month.it enable the customer to check the accuracy of entries made in cash book & pass book.
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Answer / suresh
What is BRS?
BRS (Bank reconciliation statement) is a process of comparing statement with pass book and the cash book, normally we see this process when we issue cheque. In general difference between pass book n the cash book..
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Answer / pragti syal
Bank reconciliation statement is a statement prepared mainly to reconcile the difference between the bank balance shown by the cash book and bank pass book
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Answer / shyam
what is brs?
brs is a statement it is prepared to equalise the cashbook balance to passbook balance.
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Answer / rajender
Brs shows difference b/w the bank book and cash book
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Answer / venkatesh(icici)
BRS stands for bank reconciliation statement. This is nothing but the statement showes the closing balance of pass book and cash book. The cheque payment transaction made in previous day or during the week or month but the cheque cleared in next month and we should recognize the bank statement...
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