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what is BRS
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Answer Posted / ravipolina
B.R.S means bank reconsilation statement. it is prepared
to know the differences between pass book &cash book balance
reasons for differences -
- cheques deposited but not yet collected
- cheques issued but not yet presented
-cheques dishonoured
- a cheque directly deposited by costoumer in the partys
a/c with out informing
following are some differences when cash book balances&
pass book balances does not match
| Is This Answer Correct ? | 45 Yes | 8 No |
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