Answers were Sorted based on User's Feedback



Answer / thambi durai

BRS Means Bank reconsilation Statement.
This is nothing but the closing balance of bank pass book
tally with our 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 ?    547 Yes 73 No

Answer / sanjay chadha

BRS stans for Bank reconcilation statement.
This staement shows the entries due to which the balances of
pass book and cash book (bank a/c in a trader books) varies
on a particular day/date.

Is This Answer Correct ?    205 Yes 79 No

Answer / ramnath

BRS is a statement,the main functioning of brs is to know
the reconcilation of balancess between cash book and
passbook. there is no particular date to prepare a brs,
whenever we want to know the exact balances of cash book
and pass book then we can prepare.

Is This Answer Correct ?    116 Yes 40 No




Answer / lk

Bank reconcilation statement.
We can know the status of the cheques has been cleared or
not for both receipts and payments. Difference between the
bank statmeent and our bank book we can check.

Is This Answer Correct ?    96 Yes 42 No

Answer / ganesh

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 ?    72 Yes 28 No

Answer / m sharmila rani

IT IS NOTHING BUT BANK RECONCILATION STATEMENT BANK BALANCE
AS PER PASS BOKK MUST RECONCILE WITH BANLANCE AS PER CASH
BOOK.

Is This Answer Correct ?    64 Yes 30 No

Answer / sattu mallaiah

finding the reson for difirence betwen cash book and pass
book.

Is This Answer Correct ?    38 Yes 14 No

Answer / rajeshkanna.a

Bank reconciliation is the process of matching and comparing
figures from accounting records against those presented on a
bank statement. Less any items which have no relation to the
bank statement, the balance of the accounting ledger should
reconcile (match) to the balance of the bank statement.

Is This Answer Correct ?    37 Yes 21 No

Answer / phaneendra

BRS MEEN "BANK RECONCILATION STATEMENT".THE DEFORNCE BETWIN
BANK POSS BOOK AND CASH BOOK IS KNOWN AS BANK RECONCILATION
STATEMENT.THIS STATEMENT ENTERING TRANSACTIONS EX:BANK
CHARGES,CHEQUE DEPOSIT BUTNOT COLLECETED,DIRECET DEPOSIT
FROM CUSTMER

Is This Answer Correct ?    53 Yes 40 No

Answer / radha

BRS -- BANK RECONCILATION STATEMENTS.
This is nothing but the closing balance of bank pass book
tally with our book.there is no particular date to prepare
a brs,whenever we want to know the exact balances of cash
book
and pass book then we can prepare.

Is This Answer Correct ?    31 Yes 18 No

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