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Question
what is BRS
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is BRS
Answer
# 1
BRS means Bank Reconciliation statement prepared by the
company to balance the bank book ant the bankers statement
 
Is This Answer Correct ?    28 Yes 2 No
Guest
 
  Re: what is BRS
Answer
# 2
A bank reconciliation statement is a statement where in the
causes responsible for the difference between the cash book
balance and the pass book balance(as per bank balance) is
ascertained and suitable adjustments are made thereon so
that the balance of both the books are reconciled or agreed
with each other.
A bank reconciliation statement can be started either with a
cash book balance or with a pass book balance.

Reasons for difference

1. Deposits made by the third party directly to the bank.
2. Cheque deposited by into the bank but not yet cleared.
3. Interest & charges debited or credited by bank.
4. Cheque issued but not presented for payment by the third
party.

 
Is This Answer Correct ?    36 Yes 2 No
Chandra Sekhar
 
 
 
  Re: what is BRS
Answer
# 3
BRS meams Bank reconcilation statement. Its prepared to know
the deferrences between cash book and pass book. its
prepared monthly one time.
Reasons for deferrences b/w pass and cash book

- Cheques deposited but not collected yet the bank.
-- cheques issued but not presented yet the bank.
- bank directly pay to parties on behalf of the customers.
- bank charges are debited in bank book
- cheques dishonoured.
 
Is This Answer Correct ?    9 Yes 4 No
Ravi Chandra
 
  Re: what is BRS
Answer
# 4
BRS means Bank reconcialation statement.this is the 
statement which has been prepared by the accountant.this 
helps in knowing the cash balance of customer and to know 
whether the transactions were entered or not in the cash 
book or pass book.
 
Is This Answer Correct ?    5 Yes 1 No
Sujatha
 
  Re: what is BRS
Answer
# 5
Bank Reconciliation statement refers to the comparing 2 
books of accounts viz, Bank book & Bank Statement  at any 
given date or end of the month.

It gives clarify about chqs deposited but not realised, 
cheques issued but not presented, debits not accounted by 
us and bank deposits (credits) not accounted by us, upon 
reconciling the books.

With the above basic concept, there are many ways of 
reconcilation of BRS according to the Operating system of 
Computer accounting.
 
Is This Answer Correct ?    4 Yes 3 No
Krishna Murthy K.s.
 
  Re: what is BRS
Answer
# 6
B.R.S means bank reconsilation statement. it is prepared
to know the differences between pass book &cash book balance

reasons for differences -
- cheques deposited but not yet collected
- cheques issued but not yet presented
-cheques dishonoured
- a cheque directly deposited by costoumer in the partys
  a/c with out informing

following are some differences when cash book balances&
pass book balances does not match
 
Is This Answer Correct ?    4 Yes 2 No
Ravipolina
 
  Re: what is BRS
Answer
# 7
BANK RECONSILIATION STATEMENT . IT IS RECTIFING THE 
MISTAKES OF BANK TRANSACTIONS.
 
Is This Answer Correct ?    4 Yes 4 No
Shaik Bajivali
 
  Re: what is BRS
Answer
# 8
A bank reconciliation statement is a statement prepared by 
organizations to reconcile the balance of cash at bank in a 
company's own records with the bank statement on a 
particular date. 

The difference between the two records on a given date may 
arise because of the following: 
Cheques drawn but not yet presented to the bank. 
Cheques received but not yet deposited in the bank. 
Interest credited and not recorded in the organization's 
books. 
Bank charges debited but not recorded in the organization's 
books.
 
Is This Answer Correct ?    4 Yes 2 No
Ramgopal Somasundaram
 
  Re: what is BRS
Answer
# 9
Bank reconsilation statement is a statement to reconcile the
bank balance as per pass book with bank balance as per cash
book is called bank reconsilation statement
 
Is This Answer Correct ?    2 Yes 3 No
Rajesh
 
  Re: what is BRS
Answer
# 10
BRS is stand for Bank Reconcilisation Statement, it is used 
to know the difference balances shown by the traders cash 
book balance and bankers pass book balance.
 
Is This Answer Correct ?    3 Yes 1 No
Mk Pasha
 
  Re: what is BRS
Answer
# 11
BANK RECONCILATION STATEMENT is used only changes between cash
book and passbook incresed decreases show the a/c holders.
 
Is This Answer Correct ?    2 Yes 2 No
P.v.prasannakumar
 
  Re: what is BRS
Answer
# 12
bank reconsilation statement customer have trasaction to 
cash book and bank book mean pass book,debit and credit 
balance bank is pass book.
 
Is This Answer Correct ?    2 Yes 1 No
Chandu
 
  Re: what is BRS
Answer
# 13
Bank Reconciliation Statement means a Statement prepared to 
find out the reasons for differences between balances of 
Cash Book (maintained by the Company) and the Bank Statement
(Rendered by the Bank). Eventually the balance of Bank 
Statement tallies with Cash Book and vice versa.
 
Is This Answer Correct ?    2 Yes 1 No
Pratik Neve
 
  Re: what is BRS
Answer
# 14
BRS stands for Bank Reconciliation Statement. It is prepared
to find out the diffrence between the bank cash book and
pass book.The bank cash book is maintained by the customer
and the pass book is maintained by the banker himself. The
customer ( either a company or an individual)keeps both cash
book and passbook with himself and reviews the passbook with
the banker whenever he goes to the bank. The main reasons
for diffrence between cash and passbook are as fallows:
1. Cheques deposited into bank but not credited.
2. Cheques drawn but not presented for payment.
3. Bank charges are debited in bank account.
4. cheques dishonoured.
 
Is This Answer Correct ?    3 Yes 0 No
Chandana
 
  Re: what is BRS
Answer
# 15
to reconsile the differences between the bank balances 
shown by the pass book and the cash book
 
Is This Answer Correct ?    3 Yes 0 No
Rajani
 
  Re: what is BRS
Answer
# 16
BRS is the Bank Reconcilation statement it is statement to 
reconcile the Books of accounts. It is the balancing of 
bank book and bankers statement.The reason for the 
difference is i.e cheques deposited but not credited by 
bank,cheques drawn but not presented for the payment, 
cheques dishonoured.
 
Is This Answer Correct ?    3 Yes 0 No
Tungapati Nagaraju
 
  Re: what is BRS
Answer
# 17
BRS:
BANK RECONCILIATION STATEMENT  it is a statement to trace
out te difference between the cash book and pass book.
 
Is This Answer Correct ?    3 Yes 0 No
Venkat
 
  Re: what is BRS
Answer
# 18
BRS IS NATHING BUT A BANK RECONCILIATION STATEMENT TO 
VERIFYING THE BANK STATEMENT TO BANK BOOK TO CASH  BOOK TO 
EQUALIZED THE BALANCE OF BOTH BOOKS IS CALLED BANK 
RECONCILIATION STATEMENT
 
Is This Answer Correct ?    1 Yes 0 No
Pradeep
 
  Re: what is BRS
Answer
# 19
BRS MEANS BANK RECONSILATION STATEMENT, IT IS A STATEMENT 
PREPARED BY ORGANISATON. IT MEANS RECONSILE THE BANK BOOK 
IN AN ORGANISTION WITH PASS BOOK ON SPECIFIC DATE.MAINLY IT 
IS USED OF INTERNAL CHEKING PURPOSE AND IT IS PREPARED 
WEEKLY AND MONTHLY BASIS.
 
Is This Answer Correct ?    1 Yes 1 No
Perumallu
 

 
 
 
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