What is BRS?
Answers were Sorted based on User's Feedback
Answer / artham santosh kumar guptha
It is a statement reconciling the balance as shown by the bank pass book and the balance as shown by the Cash Book. Obj: to know the difference & pass necessary correcting, adjusting entries in the books.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / uday
BRS- is nothing but bank reconciliation statement, it is used to check the bank balance as per pass book and the balance as per the cash book....
Eg: If a person deposits sum amount of money in the bank without an entry in the pass book but entered only in the cash book. Dose the difference arises and to over come this problem BRS is used
Helpful Not helpful
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / srinivas
it is a statement reconciling the balance as shown by bank pass book , balance as shown by cash book Objective is to know the differences and pass the necessary correcting and adjusting entries in the respective books of ledgers .
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / basithredy
BRS mean cross verification of bank book and cash book.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohan
brs stand for Bank Reconciliation Statment it is statment
of account holders transation and diffrence of pass book
and bank book rectify the balance.(It is statment of all
transtionwith bank of account holders)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rajesh
BRS adjusting the book account with the help of double cash book bank collumn and equalizing double cash book cash collumn
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narendra reddy
BRS is Bank Reconciliation Statement.
the different between cash book and bank book
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / suvarna ramesh machhi
THE PROCESS OF ADJUSTING AN A/C BALANCE REPORTED BY A BANK
TO REFLECT TRANSACTIONS THAT HAVE OCCURRED SINCE THE
REPORTING DATE.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naresh
brs is ststemnt it prepared by the customer on aparticular date/year ending. the main objective of the brs to know the difference b/w bank balence as per cash book and bank balence as per pass book...
| Is This Answer Correct ? | 0 Yes | 0 No |
What is a letter of demand?
If Debentures Are Issued at Par and Redeemable at Par What Journal Entry Should Be Passed?
0 Answers Joint Stock Company,
What is diluted EPS? in finance what is the use of diluted EPS?
what is alpha of stocks
Share your views on Business Cycles?
Tell me the characteristics of a hands-on BSA?
Where is corporate office of LIC located?
Any idea about 'Freedom of Religion'?
How well can you handle the pressure?
0 Answers IBPS, State Bank Of India SBI,
How many types of bills are used in banking operations?
What is the relation between equity markets and Re. vs Dollar movement?
what is diff b/w bonds and debenture
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3209)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)