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what is by brs?
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Answer / srinivas
brs means it is the balance are equlas to the bank pass
book and bank pass book.
| Is This Answer Correct ? | 11 Yes | 10 No |
Answer / prasant kumar
Bank reconciliation statement is a statement which clearly explains how the bank statements can be made to agree with the company's ledger(differences between the bank balance as per cash book and the bank balance as per pass book on a particular date, it can be prepared weekly, monthly, or quarterly depending upon the number of transaction.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / maruthi
Brs means rectification of error in cash book and pass book
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / misbah
BRS is a statement which states the reasons of the
difference between the cash book ans pass book i.e.,Cheque
deposited but not realised and Cheque issued but not
deposited for payment etc.Both of them have impact in the
cash book but none of them have impact in the pass book.
| Is This Answer Correct ? | 8 Yes | 8 No |
Answer / monika jha
A STATEMENT WHICH SHOWS THE DIFFERENCE BETWEEN CASH BOOK AND PASS BOOK.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / senthilkumar
BRS Means Bank reconsilation Statement.
it identifies the differences between the Bank book and pass
book.The cheque payment transaction made in last day or
during the month but it is cleared in next month.we should
reconcile the bank statememt .
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahesh
Bank reconciliation statement is a statement which helps to know is there any differences between bank pass book or bank column of the cashbook. it helps us to remove the differences if any (which caused by mistake or dishonor of checks) by doing required adjustment.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / zubair
BANK RECONCILIATION STATEMENT CONTAINS A COMPLETE
EXPLANATION REGARDING THE DIFFERENCE BETWEEN THE CASH BOOK
AND THE BANK STATEMENT. IT IS USED BY ALLMOST ALL BUSINESS
ORGANISATIONS BECAUSE IT IS THE IMPORTANT INTERNAL CONTROL
MECHANISAM OF CASH INFLOW AND CASH OUTFLOW
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jithender
some times bank balance is
shown in cash book does't tally
with bank poss book reconsiled
these balancess the brs is
prepaired
Is dis correct..............?
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sreekanth
BRS is a statement shows the difference between Bank pass
book and cash book for particular period of time.
| Is This Answer Correct ? | 0 Yes | 0 No |
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