What is BRS?




Answers were Sorted based on User's Feedback



Answer / ramalakshmi krishnakumar

BRS means Bank Reconciliation Statement. The need to do
BRS is to validate the correctness of the statement and to
know any differences exists between the bank pass book and
cash book.

Is This Answer Correct ?    352 Yes 14 No

Answer / suresh v

the different between cash book and bank book

Is This Answer Correct ?    161 Yes 49 No

Answer / surya

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.

Is This Answer Correct ?    119 Yes 21 No




Answer / arjun

brs is nothing just it shows the difference between cash
and bank balances

Is This Answer Correct ?    107 Yes 34 No

Answer / rahul

BRS MEANS BANK RECONSILATION STATEMENT WHICH GIVES A CLEAR
PICTURE ABOUT THE DIFFERANCE BETWEEN PASS BOOK AND BANK
BOOK WHICH HAS TO BE RECONSILED AND ANY FRAUD CAN ALSO BE
FOUND WITH BRS

Is This Answer Correct ?    83 Yes 13 No

Answer / reva

Bank reconciliation statement is prepared with a view to
find out the causes responsible for the difference between
the balances of cash book and pass book and to reconcile
their balance.

Is This Answer Correct ?    58 Yes 10 No

Answer / kv

bank reconciliation statement

Is This Answer Correct ?    64 Yes 20 No

Answer / sam

brs stands for bank reconciliation statement. it is
prepared to reconcile the bank balance as per pass book and
cash book by analysing the reasons for the differences.

Is This Answer Correct ?    42 Yes 11 No

Answer / mehraj wani

BRS is Bank Reconciliation Statement. It is mainly to
rectrify the descrepancies between Bank Pass Book and
Customer Cash Book.

Is This Answer Correct ?    31 Yes 12 No

Answer / mohankumar r

To reconcile or match the difference between cash book bank
column with the pass book.

Merits are:
1.Error detection
2.Delay of collections are reduced.
3.Completeness of cashbook.
4.Chance of embezzlement are reduced.

Is This Answer Correct ?    20 Yes 3 No

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