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What is meant by BRS ?, what is main diff between the
Electronic bank statement and manual bank statement ?.
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Answer Posted / nagarjuna reddy 9972220566
BRS is Bank Reconciliaton statement.
MBS Manually Bank Statement
EBS is Electronic bank statement
When we make a transaction with a Bank we keep a record
of that ok.
Later it may b Weekly or Monthly Bank people will give
us a Bank statement stating the Dr & Cr Transactions.
Later we collect all the statements and then we try to
Reconcile with the bank statement weather Our Books of
accounts tally with of the Bank statement.
Later we find out the differences y it has occured.
This is Called BRS.
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