BRS is comparison of Cash book and bank stmt (pass book).
We have to reconcile the bank stmt with our cash book for
the specific period. It contain opening balance, deposit,
payments & Bank charges /Interest.
brs is bank reconcilation statement bank pass and form cash book compared to the for the year ended pass book credit side deposit and recipts pass book debit side withdrawal and payment this balance equal to cash book statement
EX:pass book dr 200000 cr 140000
in cashbook posted 140000 dr its deposits 200000cr in cash book is payment EX:X
From the following data calculate (i) P/V Ratio (ii) Profit
when sales are Rs.20,000 and (iii) the new Break-Even
Point, if the selling price is reduced by 20%
Fixed expenses Rs. 4,000
Break-Even-Pont Rs. 10,000
If an overpayment (more than was paid) was posted on a
statemnt, can I just make a debit note on the account with
Customer had to pay me R 10 000
Payment on his statment was passed for R 15 000
Can I make a debit note with the dif of R 5 000, to rectify
the account for the specific month?