What is BRS?
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Answer Posted / mehraj wani
Bank Reconciliation Statement is to odd out the
discrepancies between the Bank Cash Book and the Customer
Pass Book. E.g, if a customer has deposited a cheque and
the same has been entered in his Pass Book but the cheque
has been dishonoured by some facts, the discrepancy will
occur in the two books (i.e, Customer Pass Book and Bank
Cash Book, the Customer Pass Book will show higher amount
and the Bank Cash Book will show the lower amount. The
difference between the two will be the difference of the
cheque dishonoured.
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