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what is brs

Answers were Sorted based on User's Feedback



what is brs..

Answer / gs_davidraj

Bank Reconciliation Statement

Is This Answer Correct ?    37 Yes 2 No

what is brs..

Answer / satyarameshs

Statement showing items of difference between the balance of an account reported by bank and balance appearing in the books of the customer.

Is This Answer Correct ?    21 Yes 0 No

what is brs..

Answer / manoj verma

BRS - Bank Reconcilation Statement

Is This Answer Correct ?    17 Yes 2 No

what is brs..

Answer / mustafa akber

bank reconciliation statement is that statment which is
normally carried out in banks taking into consideration the
pass book and cash book one of which an a/c holder has and
anothe the bank has and all the transactions are recorded
including overdraft adjustments...mustafa akber(mba)

Is This Answer Correct ?    7 Yes 0 No

what is brs..

Answer / purab prasanna chandra

BRS-Bank reconcilation statement. it is used to cheqe the
bank balance as per pass book and the balance as per the
cash book.

Is This Answer Correct ?    2 Yes 0 No

what is brs..

Answer / rekha

It is a statement prepared by the organization to reconcile
the balance of cash at company's own records with the bank
statement on a particular date.

Is This Answer Correct ?    2 Yes 1 No

what is brs..

Answer / venkat

BRS-Bank Reconcilation Statement.
It is use full for to know the balances of cash book and
pass book.
These two books are prepared by the two different
parties.Hear their is a possibility of mis-under standing
about the cash transations.

venkat
9603282777.

Is This Answer Correct ?    2 Yes 1 No

what is brs..

Answer / suman

A form that allows individuals to compare their personal
bank account records to the bank's records of the
individual's account balance in order to uncover any
possible discrepancies.
Since there are timing differences between when
data is entered in the banks systems and when data is
entered in the individual's system, there is sometimes a
normal discrepancy between account balances. The goal of
reconciliation is to determine if the discrepancy is due to
error rather than timing.

Is This Answer Correct ?    1 Yes 0 No

what is brs..

Answer / anand kondru

BRS is a statement reconciling the balances as shown by bank
pass book and balances as shown by cash book and the
observation is to pass necessary correcting adjusting
entries in the books

Is This Answer Correct ?    1 Yes 0 No

what is brs..

Answer / syed asif

BRS - Bank Reconciliation Statement.

To Reconcile the our company account and bank statement.

Is This Answer Correct ?    1 Yes 1 No

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