Answer / veda

BRS is called bank reconciliation statement given by the bank to the individual to comapre their personla bank accounts with bank records of the individual in order to conver any possible discripancies.

Answer / m.p.ganesh

What is BRS?
BRS means Bank reconcilation statement. Its prepared to know the differences between cash book and pass book. its prepared monthly one time.

Answer / karishma

The BRS is an aid used to ensure the accuracy of the transaction appearing in the bank column of the cash book . A comparison statement is prepared to check the whether the cash book equal to pass book or vice-versa . If cash book is not equal to pass book or vice-versa a reconciliation statement is prepared

Answer / deepthi

BRS is Bank Reconciliation Statement, The use of the BRS
should be tally the Cash book and Bank Statement and if any
diference to know easily and rectify the adjustments by the
Process of BRS.

Answer / b.prasanth kumar

BRS means it will shows the any mistakes in cash book and
pass book. The use of BRS we can easily rectify any
mistakes in cash book or pass book. Mistakes means without
information debiting the bank charges and other expenses
debiting. Some times we can receive the cheque and we will
forget to send that cheque to bank thats type of
differences shows the BRS. It is very very important and
interest topic in accountancy.

Answer / jai kapoor

brs is bank reconcilation statement.. this days it also
used in tally professional .... and it helps us to maintain
al the records of cheques and cash balances .... and after
that if any dishoured cheque is there we rectify through
this brs and in tally to rectify this mistake we use Alt+x
it appears as cancelled ...thank u

Answer / dharam

Bank Reconciliation Statement it's short term is BRS. it's
use for rectify the balance of cash book in the name of
customer and pass book in the name of bank name .sometimes
these two books showing difference BRS is help for rectify
that balances.
for example:
customer issue a cheque to his friend.then customer enter a
cash book i issue one cheque to my friend. but not entered
in pass book bcoz bank will enter only collect the cheque
after only it will entered

Answer / shantha devi . c

BRS is the visual statement which shows always different
balance in cash book and pass book. we have to reconcile
that with the statement given by bank

Answer / gaurav mishra

bank reconciliation statement helps to let the bank know
that for the specific period, what the cash book balance is
& what the pass book balance is, which helps to shows the
differce b/w these both balances. though this statement
bank can search out the mistakes or fraud, like wrong
transaction in the account or out the a/c of the customer.

Answer / muskan khanna

when a businessman deposits money in to a bank . he
maintains a three column cash book columns being cash, bank
and discount. to record all transaction relating to book.
bank reconcillation statement can be defined as a statement
which reconciles the balance as per cash book and the
balance as per pass book showing all causes of difference
between the two

what features you can use to convert data in encrypted form in Tally ERP9?

0 Answers  

What is IFSC Code and why is it used?

0 Answers   IBPS, RBI,

What Is Payday Loan?

0 Answers  

What are the other jobs of LIC in the country?

0 Answers   LIC,

What do we call an account in which trading of shares in their electronic form is done?

0 Answers  

what is “Over the Counter Market”?

0 Answers  

Tell about CTS?

0 Answers   IBPS, RBI,

Do All Debts Get Discharged?

0 Answers  

What do you know about Future first?

0 Answers   Futures First,

Tell about TDR/ STDR?

0 Answers   IBPS,

What is difference between FII and FDI?

0 Answers   Nabard,

Having completed 4 years for electronics engineering studies , why you are interested to work in a bank ?

9 Answers   Andhra Bank, IBM, ICICI,