what is BRS

Answer Posted / ravipolina

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

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