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wat s brs?
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Answer / guest
bank reconciliation statement is the difference b/w the bank
balance as per the bank book and pass book..usually the
entries in the cash book should tally wit tat of the pass
book and balance shown by both must be equal...but in
practise it does not tally in such disagreement brs arises
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / srinivas
It is a statement reconciling the balances as shown by the bank pass book and the balance shown by the cash book. Objective: To know the differences & Pass necessary correcting adjusting entries in the books.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / hema
BRS refers to bank reconcilation statement,which gives true
picture of bank book & pass book of the customer. It
bridges the gap between these two.. if there is any
variations it should rectified using brs..
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suhas.s.acharya
Bank reconciliation statement is a statement which is
prepared to reconcile the difference between the bank column
of the cash book and pass book as on any given date...
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / devarajan
BRS- It helps to reconcile between cash book maintain by the customer and pass book maintained by the bank.
Eg: Cheque issued but not presented.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manjunath
IT IS THE STATEMENT,AT THE END DATE or Preparing date,
WHATER CHEQU ARE DEPOSIT are not clearer, whater cheque are
issue for payment not cleared,balance of cash, cash book
maintained by casher and pass book balance must be tally.
| Is This Answer Correct ? | 0 Yes | 1 No |
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Stale Cheque entry in the books & when it reissued again then Entry in the books.
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What is BRS, with an example?
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
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