what is BRS? 12.Why is it used ?

Answers were Sorted based on User's Feedback



what is BRS? 12.Why is it used ?..

Answer / s. girish babu

BRS Means Bank Reconcilatin Statement. It is used to know
the actual difference between Bank Book and our Cash Book

Is This Answer Correct ?    19 Yes 2 No

what is BRS? 12.Why is it used ?..

Answer / sanmilan

'BRS' stands for Bank Reconciliation Statement. This is
prepared in order to tally the balances of Bank Book
maintained by the Organization and Pass Book Maintained by
the Banks for any particular account and the reasons there off.

Is This Answer Correct ?    12 Yes 1 No

what is BRS? 12.Why is it used ?..

Answer / gelli

BRS is a statement showing the causes of different between
Cash book and pass book on particular date known as a BRS.

Is This Answer Correct ?    6 Yes 0 No

what is BRS? 12.Why is it used ?..

Answer / suryakant padekar

BRS means Bank Reconciliation Statement. Bank
Reconciliation statement prepares for show the difference
in Book Bal & Bank Bal. It is nesssory for Atcual financial
status of company, froud and errors detection, for auditor
of company as per law.

Is This Answer Correct ?    4 Yes 0 No

what is BRS? 12.Why is it used ?..

Answer / janardhan

BRS Means Bank Reconcilatin Statement. It is used to know
the actual difference between Bank Book and our Cash Book.

issued cheques debit at bank are not.depited cheques credit
in bank are not show the brs bank interest,how much bank
chareged banker show ths brs

Is This Answer Correct ?    2 Yes 0 No

what is BRS? 12.Why is it used ?..

Answer / jubeda

BRS MEANS BANK RECONCILIATION STATEMENT. IT IS USED TO
RECONCILE THE PASS BOOK AND CASH BOOK SO THAT THE ACCOUNTS
IS PROPERLY MAINTAINED AND WE GET TO KNOW THE OUTSATNDINGS
AND PREPAIDS.

Is This Answer Correct ?    2 Yes 0 No

what is BRS? 12.Why is it used ?..

Answer / monailsa

BRS- Bank Reconciliation Statement :- which is preparing
for know actual difference in balance from our cash/bank
books (Balance as per our books) with Bank Statement
(Balance as per Bank). That is also inform you which
cheques and cash deposit/payment pending and other charges
has been Debited/Credited in your Bank Accounts.

Reconciliation for
Saving A/c :
Current A/c :

Is This Answer Correct ?    2 Yes 0 No

what is BRS? 12.Why is it used ?..

Answer / jubeda

BRS MEANS BANK RECONCILIATION STATEMENT. IT IS USED TO
RECONCILE THE PASS BOOK AND CASH BOOK SO THAT THE ACCOUNTS
IS PROPERLY MAINTAINED AND WE GET TO KNOW THE OUTSATNDINGS
AND PREPAIDS.

Is This Answer Correct ?    0 Yes 0 No

what is BRS? 12.Why is it used ?..

Answer / natesh

BRS MEANS BANK RECONCILIATION STATEMENT.

BRS MEANS IT IS A STATEMENT TO RECONCILE THE STATEMENT OF
THE BANK BALANCE AS PER THE CASH BOOK WITH THE BANK BALANCE
AS PER THE PASS BOOK.

THIS BRS WE CAN USE FOR KNOING THE OUTSTANDING AND PREPAIDS.

Is This Answer Correct ?    1 Yes 1 No

what is BRS? 12.Why is it used ?..

Answer / mahesh.s

BRS means bank reconcilation statement. which gives
complete and satisfactory explanation for the difference
between pass book and bank boook balance. It is a statement
not an account,Generally BRS is prepared bank book point of
view.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10

1 Answers  


hi friends how many types of vouchers there i know cash voucher, debit voucher, credit voucher, journal vourcher, purchase voucher, sales vouchers, if any other voucher is there pls tell me friends

4 Answers  


CAN WE SUBMIT SERVICE TAX CHALLAN MORE THEN ONE IN A MONTH

1 Answers  


What is Suspense Account?

1 Answers  


Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

7 Answers  


benefits of fund flow statement to an individual, organisation and to the society?

1 Answers  


{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

1 Answers  


what is sensex

9 Answers   Capital IQ,


In Which Group "goodwill Written off account " will come?

2 Answers  


What is the difference between Economics and Finance?

0 Answers   Deloitte,


What are the accounting entries for branch accounts?

1 Answers  


Please tell me jurnal entries for input vat and output vat?

1 Answers  


Categories