what is BRS? How to prepare it?

Answer Posted / m. maruthi

Bank Reconciliation Statement is the statement which is prepared in order to Reconcile (adjust) the differences arising between the bank balance in the cash book and bank balance in the pass book.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT

1602


Why are accounting standards necessary?

661


Tell me entries to revenues accounts such as service revenues are usually?

3250


How to pass the entry in tally for demolished of building?

2208


Do you know offset accounting?

629






the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled

1304


What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

3807


Cost Accounting

1672


What is customer account?

646


What is entry of Dishonored cheque issued to supplier

885


what single discount is to2 successive discount of 10%& 15%

1469


what is a difference between public and private accounting?

636


6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

1579


Are you comfortable with cold-calling?

629


pass journal entry for Prepaid insurance

1189