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what is brs
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Answer / satyarameshs
Statement showing items of difference between the balance of an account reported by bank and balance appearing in the books of the customer.
| Is This Answer Correct ? | 21 Yes | 0 No |
Answer / mustafa akber
bank reconciliation statement is that statment which is
normally carried out in banks taking into consideration the
pass book and cash book one of which an a/c holder has and
anothe the bank has and all the transactions are recorded
including overdraft adjustments...mustafa akber(mba)
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / purab prasanna chandra
BRS-Bank reconcilation statement. it is used to cheqe the
bank balance as per pass book and the balance as per the
cash book.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rekha
It is a statement prepared by the organization to reconcile
the balance of cash at company's own records with the bank
statement on a particular date.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / venkat
BRS-Bank Reconcilation Statement.
It is use full for to know the balances of cash book and
pass book.
These two books are prepared by the two different
parties.Hear their is a possibility of mis-under standing
about the cash transations.
venkat
9603282777.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / suman
A form that allows individuals to compare their personal
bank account records to the bank's records of the
individual's account balance in order to uncover any
possible discrepancies.
Since there are timing differences between when
data is entered in the banks systems and when data is
entered in the individual's system, there is sometimes a
normal discrepancy between account balances. The goal of
reconciliation is to determine if the discrepancy is due to
error rather than timing.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anand kondru
BRS is a statement reconciling the balances as shown by bank
pass book and balances as shown by cash book and the
observation is to pass necessary correcting adjusting
entries in the books
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / syed asif
BRS - Bank Reconciliation Statement.
To Reconcile the our company account and bank statement.
| Is This Answer Correct ? | 1 Yes | 1 No |
In order to attract deposits, banks offer various types of products with distinguishing features. As a student of banking law do you observe any challenge/threat from money laundering for banks in this struggle? Discuss.
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