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Categories >> Accounting >> Accounting AllOther
 
 


 

 
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Question
what is BRS
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 11
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 ?    9 Yes 1 No
Chandana
 
Answer
# 12
to reconsile the differences between the bank balances
shown by the pass book and the cash book
 
Is This Answer Correct ?    9 Yes 2 No
Rajani
 
Answer
# 13
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 ?    7 Yes 1 No
Tungapati Nagaraju
 
Answer
# 14
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 ?    6 Yes 2 No
Chandu
 
Answer
# 15
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 ?    5 Yes 1 No
Perumallu
 
Answer
# 16
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 ?    6 Yes 3 No
Pratik Neve
 
Answer
# 17
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 ?    5 Yes 2 No
Pradeep
 
Answer
# 18
BRS IS A STATEMENT RECONCILING THE BALANCE AS SHOWN BY THE
BANK PASS BOOK AND THE BALANCE AS SHOWN BY THE CASH BOOK

OBJECTIVE:
TO KNOW THE DIFFERENCE AND PASS NECESSAY
CORRECTING ,ADJUSTING ENTRIES IN THE BOOKS.


IF U SAY THIS ANSER TO U R RECRUITER THER IS NO CHANCE TO
ASK ANY OTHER QUESTION ON THIS TOPIC.
 
Is This Answer Correct ?    3 Yes 0 No
Abbas
 
Answer
# 19
THE STATEMENT PREPARED ON THE BASIS OF MONTH ,YEAR EVEN MAY
BE WEEKLY WHICH SHOW THE RELATION BETWEEN BANK AND
CUSTOMER'S STATEMENT'S.THAT ARE THEY SAME OR DIFFERENT,
 
Is This Answer Correct ?    2 Yes 0 No
Kafayat Ullah
 
Answer
# 20
A Statement prepared generaly ones in a month by those
enterprises who are maintaining a bank account and making
transactions it is important to check the transactions
related with that bank account wheather the balances
appearing in Bank statements are same or not with the Cash
book Maintained in the enterprises .... if any diffrences
occurs between the Bank statement(PASS BOOK) and Cash book
then....
so to solve the diffrences without effecting both the
books a statement is prepared to have a reason for the
responsible transaction for the diffrences oveserved
 
Is This Answer Correct ?    2 Yes 0 No
Ashok Kumar
 

 
 
 
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