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What is BRS?
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Answer / ruchi aggarwal
BRS IS BANK RECONCILATION STATEMENT IN WHICH WE COMPARE PASS
BOOK WITH CASH BOOK OF COMPANY.AND IDENTIFIES THE
TRANSACTIONS WHICH CAUSES DIFFERENCES BETWEEN BOTH OF THE
BOOKS.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / shailesh
brs is a statement prepared to reconcile the bank balance as per the cash book with the bank balance with the pass book.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mohd.hasan afaq
Bank Reconciliation statement in which we match the
transactions, bills/checks detail of our cashpook with bank
passbook and identifies the variaces in amounts with the
help of bank statement and our cash ledger.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / guest
its a Bank Reconcilation Statement. it was used to prepare
to rettify the errors in the process of banking. those may
be wrong postings in pass book or cash book.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nagendra prasad
BRS is nothing but Finding out the Difference between the
Cash Book and Pass Book and Passing necessary adjusted
entries.
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Answer / ramoj
BRS: It is a statment showing the causes for the differences between cash book and pass book balances of the business at a particular date.
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Answer / v sakkthivel
BANK RECONCILEATION STATEMENT IS PREPARED BY COMPANY AS
AND WHEN ACCOUNT CLOSED IN CASH BOOK TO CHECK AND ASSETAIN
THE AMOUNT OF CASH IN HAND AND CASH AT BANK CLOSING THE
ALLTRANSACTION MADE THAT PERIOD ENDING OF CLOSING OF
ACCOUNTS. BASED ON THE EITHER BY PASS BOOK OR BY CASH BOOK
ADDING/SUBSTRACTING(LESS) TRANSACTION (DEBIT/CREDIT) MADE
ON THAT PEIOD OF ACCOUNT CLOSING. FIND OUT THE OPERING
BALANCE/CLOSING BALANCE OF ACCOUNT PERIOD
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What is mutual fund sub accounting?
WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00
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