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• What is BRS, with an example?
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Answer / sanjana
BRS or Bank Reconciliation Statement deals with reconciling
the balances shown in the passbook to the balances in the
cash book.
| Is This Answer Correct ? | 146 Yes | 13 No |
Answer / ranjeet singh
BRS is the statement of adjusting the difference between the balances of pass book and cash book.
Reasons for differences:-
interest given by bank but not mentioned in cash book
directly payment into bank
cheque issued but not presented for payment
error from bank side etc.....
| Is This Answer Correct ? | 97 Yes | 10 No |
Answer / sukesh
BRS is Bank Reconciliation statement prepared to reconcile
the balances of bank pass book and cash book.
| Is This Answer Correct ? | 43 Yes | 11 No |
Answer / dinesh nagam
BRS or Bank Reconciliation Statement deals with reconciling
the balances shown in the passbook to the balances in the
cash book.
| Is This Answer Correct ? | 32 Yes | 4 No |
Answer / akash gupta
A Bank Reconciliation Statement is a statement prepared on a
particular date to reconcile the bank balance as per Cash
Book with the balance as per pass book or bank statement by
showing for diffference between the two. This Transaction is
known as a Bank Reconciliation Statement.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / jagadeesh s
This is to compare the cash transaction in your cash bank
account and the cash balance in your own book. Actually
this is a statement to be made monthly showing if the cash
balance per ledger account and the cash balance per bank
agrees.
| Is This Answer Correct ? | 6 Yes | 2 No |
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