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what is BRS? 12.Why is it used ?
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Answer / s. girish babu
BRS Means Bank Reconcilatin Statement. It is used to know
the actual difference between Bank Book and our Cash Book
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / sanmilan
'BRS' stands for Bank Reconciliation Statement. This is
prepared in order to tally the balances of Bank Book
maintained by the Organization and Pass Book Maintained by
the Banks for any particular account and the reasons there off.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / gelli
BRS is a statement showing the causes of different between
Cash book and pass book on particular date known as a BRS.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / suryakant padekar
BRS means Bank Reconciliation Statement. Bank
Reconciliation statement prepares for show the difference
in Book Bal & Bank Bal. It is nesssory for Atcual financial
status of company, froud and errors detection, for auditor
of company as per law.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / janardhan
BRS Means Bank Reconcilatin Statement. It is used to know
the actual difference between Bank Book and our Cash Book.
issued cheques debit at bank are not.depited cheques credit
in bank are not show the brs bank interest,how much bank
chareged banker show ths brs
| Is This Answer Correct ? | 2 Yes | 0 No |
BRS- Bank Reconciliation Statement :- which is preparing
for know actual difference in balance from our cash/bank
books (Balance as per our books) with Bank Statement
(Balance as per Bank). That is also inform you which
cheques and cash deposit/payment pending and other charges
has been Debited/Credited in your Bank Accounts.
Reconciliation for
Saving A/c :
Current A/c :
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / natesh
BRS MEANS BANK RECONCILIATION STATEMENT.
BRS MEANS IT IS A STATEMENT TO RECONCILE THE STATEMENT OF
THE BANK BALANCE AS PER THE CASH BOOK WITH THE BANK BALANCE
AS PER THE PASS BOOK.
THIS BRS WE CAN USE FOR KNOING THE OUTSTANDING AND PREPAIDS.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / mahesh.s
BRS means bank reconcilation statement. which gives
complete and satisfactory explanation for the difference
between pass book and bank boook balance. It is a statement
not an account,Generally BRS is prepared bank book point of
view.
| Is This Answer Correct ? | 0 Yes | 0 No |
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
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The following figures relate to the trading activities of M/s ABC Traders Ltd for the year ending 31 March 2004. Particulars Amount (Rs) Sales 5,20,000 Opening stock 76,250 Purchases 3,22,250 Closing stock 98,500 Sales return 20,000 Selling and Distribution Expenses Salaries 15,300 Advertising 4,700 Travelling 2,000 Administrative Expenses Salaries 27,000 Rent 2,700 Stationery 2,500 Depreciation 9,300 Other charges 16,500 Provision for tax 4,000 Non Operating Income Dividend on shares 9,000 Profit on sales of shares 3,000 Non Operating Expenses Loss on sale of fixed asset 4,000 You are required to: (i) Arrange the above figures in a form suitable for analysis. (ii) Show separately the following ratios. Net profit ratio Operating ratio Stock turnover ratio
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