What is BRS? What is the use of BRS?
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Answer / darvesi
BRS indicates Bank reconcilation statment . It is prepare
to recounciles the bank accounts.Generally Debit and credit
balances does not maches due to check deposits and check
issue may not presented.
Uses:
We can ascertain the accurate balances of bank
it protect company repudation because when the cheque
cancelled it may lose some repudation. So it is very
impartance.
we have number of uses.
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Answer / pradeep
BRS is a statement which is prepaired by a componay's
account department its show the actual balance in compony
book after issuing all cheque .
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / binay seth
BRS(BANK RECONCILIATION STATEMENT)MEANS A STATEMENT PREPARED BY COMPANY TO SHOW THE PROPER DEBIT AND CREDIT BALANCE OF COMPANY BOOKS.
WHEN A COMPANY ISSUE A CHEQUE IT WAS DEBITED BY BANK
AND WHEN A COMPANY RECEIVES ANY CHEQUE THEN IT WAS CREDITED BY
BANK.
AND IN CASE OF COMPANY THE REVERSE WAS SHOWN.
| Is This Answer Correct ? | 1 Yes | 4 No |
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