what is use of BRS ,Could you please Explain
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Answer Posted / srinivas
BRS means bank reconcialiation statement which is used for difference betwen in bank pass book and campany bank book
E.G. 1. we have issued a cheque for Rs.50000/- on 15.03.2012
after issued of 50000/- the bank amount in company's book is 100000/-. but it shows in bank pass book 150000/-. so in this case we have issued a cheque but not deposited in bank
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