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what is the BRS
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Answer / guest
Analysis and adjustment of differences between the cash
balance shown on a bank statement, and the amount shown in
the account holder's records. This matching process involves
making allowances for checks issued but not yet presented,
and for checks deposited but not yet cleared or credited.
And, if discrepancies persist, finding the cause and
bringing the records into agreement.
| Is This Answer Correct ? | 51 Yes | 4 No |
Answer / anil kumar prajapati
The bank reconciliation statement is a statement that shows
the balances shown in bank pass book and balance is shown by
the cash book.
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / ravikrisna786
It's a kind of statement which is prepare to tally the closing balance of the statement issued by Bank and closing balance as per our books of account bank ledger on any particular date,it's shows the list of transactions with possible reasons & errors creating differences between the same.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / pavani
to verify the passbook and cash book.To comparing cash book
with passbook when the variance will be raise in balances
then we can correct the wrongly posted transaction.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / surya
BRS is statement which is prepare to find out the difference between cash book and bank statement and passing by necessary entries in both books
| Is This Answer Correct ? | 3 Yes | 0 No |
Brs is acyually the recocliation procees performed by the
a/c holder of a bank in order to telly his closing balance
of ledger maintained by him, and the closing balnce shown
as per statement of the bank for the sake of judgement that
weather any transaction left uncredited by bank or a/c
holder and any transaction left debited by bank or a/c
holder.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / saideva
its a statement prepared to reconcile the balances between cash book(bank column) and passbook.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sravan
the bank reconciliation statement is a statement that shows
the balances shown in bank pass book and balance is shown by
the cash book, the differed of the correcting, adjusting .
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / tanoj
pass book and cash book which are maintained by company because they want to know the balances of their company
| Is This Answer Correct ? | 0 Yes | 0 No |
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