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Answer Posted / binay seth
BRS(BANK RECONCILIATION STATEMENT)MEANS A STATEMENT PREPARED BY COMPANY TO SHOW THE PROPER DEBIT AND CREDIT BALANCE OF COMPANY BOOKS.
WHEN A COMPANY ISSUE A CHEQUE IT WAS DEBITED BY BANK
AND WHEN A COMPANY RECEIVES ANY CHEQUE THEN IT WAS CREDITED BY
BANK.
AND IN CASE OF COMPANY THE REVERSE WAS SHOWN.
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