what is BRS? 12.Why is it used ?
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Answer / suresh raichur
Bank Reconciliation Statement is prepared to reconcile the
differences between the bank pass book and customer cash
book. Differences may cause due to time lag between the
transactions recorded by bank/customer in their books or
due to error in making entry by the bank/customer.
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Answer / pradeep gunuguntla
BRS is stands for Bank Reconciliation statement.
it is prepared to ascertain the causes of the differences
between the balance as per the bank column of the cash book
and balance as per pass book. it is prepared by the customer
of the bank.
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Answer / abdullah amer
Bank Reconciliation Statements(BRS) is the statement
prepared at periodical intervals to reconcile the balance
of cash book with that of pass book and to find out the
exact balance with the bank.
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Answer / chaitanya
BRS MEANS BUSINESS REPLY SERVICE PROVIDED BY CORPORATIONS
WHETHER THEY ARE REPLY IN POSTS AND E MAIL WHICH IS THEY
PRINTED THEIR ADDRESSES AND PRINTED COVERS FOR REDUCE THE
ERRORS IN THE COMMUNICATION.
AND ALSO BANK RECONCILIATION STATEMENT WHICH GIVES THE
DIFFERENCE BETWEEN THE CASH BOOK AND BANK BOOK TO KNOW
ACTUAL POSITION
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