What is meant by BRS ?, what is main diff between the
Electronic bank statement and manual bank statement ?.
Answers were Sorted based on User's Feedback
Answer / nagarjuna reddy 9972220566
BRS is Bank Reconciliaton statement.
MBS Manually Bank Statement
EBS is Electronic bank statement
When we make a transaction with a Bank we keep a record
of that ok.
Later it may b Weekly or Monthly Bank people will give
us a Bank statement stating the Dr & Cr Transactions.
Later we collect all the statements and then we try to
Reconcile with the bank statement weather Our Books of
accounts tally with of the Bank statement.
Later we find out the differences y it has occured.
This is Called BRS.
Is This Answer Correct ? | 15 Yes | 3 No |
Answer / prakash
BRS is Bank Reconciliaton statement which contains all open
entries not matching between Bank and the company.
The main difference between these are:
MBS is entered manually by viewing the manual bank
statement whereas EBS is uploaded in a specific format
provided by the bank.
Is This Answer Correct ? | 12 Yes | 3 No |
Answer / ramulu
BRS is Bank Reconciliaton statement.
MBS Manually Bank Statement
EBS is Electronic bank statement
BRS is explained above the main difference is that
In EBS it is automatically reconcile the statement through
online if connect with our system to the bankers software
this link is done by ABAP pepoles ok.
The other way is to get bank statement and do manully
reconcilation weekly or monthly.
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / v.dinesh
Brs means bank
reconciliation
statement.This
statement is prepared
by the bank to
rectifying the errors
Is This Answer Correct ? | 0 Yes | 0 No |
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