BRS Means Bank reconsilation Statement.
This is nothing but the closing balance of bank pass book
tally with our book. The cheque payment transaction made in
last day or during the month but it is cleared in next month.
we should reconcile the bank statememt
BRS stans for Bank reconcilation statement.
This staement shows the entries due to which the balances of
pass book and cash book (bank a/c in a trader books) varies
on a particular day/date.
Bank reconcilation statement.
We can know the status of the cheques has been cleared or
not for both receipts and payments. Difference between the
bank statmeent and our bank book we can check.
BRS is a statement,the main functioning of brs is to know
the reconcilation of balancess between cash book and
passbook. there is no particular date to prepare a brs,
whenever we want to know the exact balances of cash book
and pass book then we can prepare.
BRS MEEN "BANK RECONCILATION STATEMENT".THE DEFORNCE BETWIN
BANK POSS BOOK AND CASH BOOK IS KNOWN AS BANK RECONCILATION
STATEMENT.THIS STATEMENT ENTERING TRANSACTIONS EX:BANK
CHARGES,CHEQUE DEPOSIT BUTNOT COLLECETED,DIRECET DEPOSIT
FROM CUSTMER
BANK RECONCILIATION STATEMENT CONTAINS A COMPLETE
EXPLANATION REGARDING THE DIFFERENCE BETWEEN THE CASH BOOK
AND THE BANK STATEMENT. IT IS USED BY ALLMOST ALL BUSINESS
ORGANISATIONS BECAUSE IT IS THE IMPORTANT INTERNAL CONTROL
MECHANISAM OF CASH INFLOW AND CASH OUTFLOW
BRS refers to Bank Reconciliation Statement. It identifies
the differences between the Bank book and pass book for
particular period e.g. weekly or monthly
Bank reconciliation is the process of matching and comparing
figures from accounting records against those presented on a
bank statement. Less any items which have no relation to the
bank statement, the balance of the accounting ledger should
reconcile (match) to the balance of the bank statement.
Bank reconscilatoin statement is the statement betveen cash
book and pass book for the particuler period of time when
ever coustemer wants the statement it must be show the bank
what is the transactions in particuler account
BRS -- BANK RECONCILATION STATEMENTS.
This is nothing but the closing balance of bank pass book
tally with our book.there is no particular date to prepare
a brs,whenever we want to know the exact balances of cash
book
and pass book then we can prepare.
Recently while appraising a loan proposal I noticed that the
company was a newly formed company. While allotting the
capital among the share holders the shares were allotted at
a huge premium. What is the reason for showing a huge premium?
where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet?
If you have a charitable parent company, limited by
guarantee, and a trading subsidiary, which is also a
company, which accounts will have to be prepared for the
parent company?
where will be effect the amount of depreciation in company
final account? If it will effect in P&L A/c & Balance Sheet
also than will amount be same in both sheet?
along with your userid / name. ThanQ
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