what is BRS? How to prepare it?
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Answer / 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.
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Answer / ameet narayankhedkar
A Bank reconciliation is a process that explains the
difference between the bank balance shown in an
organization's bank statement, as supplied by the bank, and
the corresponding amount shown in the organization's own
accounting records at a particular point in time.
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / nanda anilkumar pujar
Bank Reconcilation means reconcilation of book balance with
the bank balance.Eg. Cheques issued and debited in books of
accounts but not presented to the bank.
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Answer / sunil kumar
Bank reconcilation statement
When will the bank balance and pass book balance showing at that time the the brs was prepared for example chaque was draw by bank but the bank was credited by after 2&3days but the thinks my balance credits at that time
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Answer / bhaskar kaliyaperumal
BRS is a comparing the Company's bank account with the
Banker's statement. Some time Company's bank account balance
does not match to the Banker's account balance. So you need
to find the difference between the two accounts.
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