what is by brs?
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Answer Posted / bipul anand
BRS stands for Bank Reconcilation Statement. We need to
prepare BRS when the total of Cash book and total of pass
book do not match together. Generally we make BRS at the
time of month close. There are some reason which cause the
diffrence come in our cash book.
1. Dedcuted bank charges by bank from our account.
2. Cheque issued but not present into bank.
3. Cheque represent by us but not cleared yet and not
credited into our account.
| Is This Answer Correct ? | 3 Yes | 4 No |
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