Answer / veda

BRS is called bank reconciliation statement given by the bank to the individual to comapre their personla bank accounts with bank records of the individual in order to conver any possible discripancies.

Answer / m.p.ganesh

What is BRS?
BRS means Bank reconcilation statement. Its prepared to know the differences between cash book and pass book. its prepared monthly one time.

Answer / karishma

The BRS is an aid used to ensure the accuracy of the transaction appearing in the bank column of the cash book . A comparison statement is prepared to check the whether the cash book equal to pass book or vice-versa . If cash book is not equal to pass book or vice-versa a reconciliation statement is prepared

Answer / deepthi

BRS is Bank Reconciliation Statement, The use of the BRS
should be tally the Cash book and Bank Statement and if any
diference to know easily and rectify the adjustments by the
Process of BRS.

Answer / b.prasanth kumar

BRS means it will shows the any mistakes in cash book and
pass book. The use of BRS we can easily rectify any
mistakes in cash book or pass book. Mistakes means without
information debiting the bank charges and other expenses
debiting. Some times we can receive the cheque and we will
forget to send that cheque to bank thats type of
differences shows the BRS. It is very very important and
interest topic in accountancy.

Answer / jai kapoor

brs is bank reconcilation statement.. this days it also
used in tally professional .... and it helps us to maintain
al the records of cheques and cash balances .... and after
that if any dishoured cheque is there we rectify through
this brs and in tally to rectify this mistake we use Alt+x
it appears as cancelled ...thank u

Answer / dharam

Bank Reconciliation Statement it's short term is BRS. it's
use for rectify the balance of cash book in the name of
customer and pass book in the name of bank name .sometimes
these two books showing difference BRS is help for rectify
that balances.
for example:
customer issue a cheque to his friend.then customer enter a
cash book i issue one cheque to my friend. but not entered
in pass book bcoz bank will enter only collect the cheque
after only it will entered

Answer / shantha devi . c

BRS is the visual statement which shows always different
balance in cash book and pass book. we have to reconcile
that with the statement given by bank

Answer / gaurav mishra

bank reconciliation statement helps to let the bank know
that for the specific period, what the cash book balance is
& what the pass book balance is, which helps to shows the
differce b/w these both balances. though this statement
bank can search out the mistakes or fraud, like wrong
transaction in the account or out the a/c of the customer.

Answer / muskan khanna

when a businessman deposits money in to a bank . he
maintains a three column cash book columns being cash, bank
and discount. to record all transaction relating to book.
bank reconcillation statement can be defined as a statement
which reconciles the balance as per cash book and the
balance as per pass book showing all causes of difference
between the two

What do you know about E- Commerce? Name a few companies that deal in it.

0 Answers   IBPS,

What is the difference between Banks and NBFCs (Non Banking Finance Companies)?

0 Answers   Nabard,

If Inventory Is Understated At The End Of The Year, What Is The Effect On Net Income?

0 Answers  

What is the link between the income statement, balance sheet and cash flow statement?

2 Answers   ICAI,

What is Capital Budgeting?

5 Answers  

what do you mean by private equity transactions?

0 Answers  

Explain in a sentence or two, each of the elements of a Business Plan and why it is necessary.

0 Answers  

What is the difference between balance sheet and the income statement?

0 Answers   BlackRock,

What is 'contingency fund'?

0 Answers  

What is a normal distribution curve?

0 Answers   Fidelity,

high forex rate or low forex rate- which one will attract more foreign investment?( my doubt: if the ruppe value is more against dollar, foreign investor get les , else it resemble a week economy)

0 Answers  

How will you define Bank Rate?

0 Answers   RBI,