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Answer Posted / munawar
Bank Reconciliation account
BRS is the reconciling the balance of cash book and the bank
book
cash book is the book which the company have.the balance of
cash book can be seen in the books of prime entry that is
subsidary book.
the pass book is the book which is given by the bank.when
the pass book is updated in the bank, through that balance
the brs is done.
there may be differences in between the balances of pass and
cash book due to many reasons..examples are
bank charges
cheque issued but not depostied in the bank
direct deposit of the cash in the bank and many more...
therefore to acquire the differences between cash and bank
book the BRS is done.
thanks
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