Answer / 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

Answer / rams@psr

Finding the reasons difference between Cash Book and Pass Book called Bank Reconciliation Statement (or) BRS is depending on entries passed in Bank Main G/L Account and Bank Intermediate G/L Account.

Eg:
1) Check Issued But not
appearing in the Bank Statement.
2) Check Deposited But not appearing in the Bank Statement.
3) Customer Directly deposited in the Bank.
4) Bank Charges Directly made by Bank
5) Interest Debited/Credited.etc.,

Answer / meeravali

The pupose of BRS to tally both books Bank pass book and
company Bank account like what check we issued what check
cleared in bank, BRS help to avoid the organizatioal
mistakes,
ex:in DLF New delhi a check missed worth 1crore the same
came to clearing to axis-hyd, unfortunetly there is no
money in that branch and they told to draw tommorrow, in
between DLF realised and requested to Axis for stop payment

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