Question { Capital IQ, 23233 }
what is the BRS
Answer
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.