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what is brs?
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Answer / rajesh
BRS Means Bank Reconcilatin Statement.To know the actual
difference between Bank Book and our Cash Book
| Is This Answer Correct ? | 53 Yes | 1 No |
brs abbrevation is Bank Reconcillation Statement, it means
the differences between cash book and pass book, the
payments are entered on credit side in cash book from the
bank point of view and the deposits are entered on debit
side in cash book from the bank point of view. When
deposits are more than withdrawals, then it is called
Favourable balance, and whereas withdrawals are morethan
deposits then it is called bank overdraft. In case of Bank
Overdraft, the cash book shows credit balance and the pass
book debit balance and in case of favourable balance, the
cash book shows debit balance and pass book shows credit
balance.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / chari
BRS means Bank Reconcilization Statement. It is used by
difference between cash book and Bank passbook.
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / santosh
BRS means Bank Reconciliation statement. It is used to
reconcile the difference between entity's bank account and
entity's account in bank.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / nivas
brs means bank reconciliation statement. we confirm our
bank tranctions with bank statements and we tally the our
transcitons with bank statements. when will the bank balnce
and our company book balnce are matched in that time brs is
completed. while brs is not tally with our books brs is not
completed.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / chandu
brs stands for bank reconsilation statement, the statement which gives complete and satisfactory explanation between pass book and cash book bank column.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / srinu
bank reconciliation statement is a statement it contains a
complete & satidfactory explanation as per bank book as per
cash book is called as bank reconciliation statement
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / rama durga kumar
BRS stands for Bank Reconciliation Statement.its statement
contains summarry of cash and pass book transctions.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / srinivas
brs means " bank reconciliation statement , the statement
which contains complete and satisfactory expanations for
the diferences between cash book and pass book.It prooves
only cash book balances.
| Is This Answer Correct ? | 3 Yes | 2 No |
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EXPAND______________IBA
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.
Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem
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