Question

Full form Of BRS in accounts?​

Answer 1

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. The statement outlines the deposits, withdrawals and other activities affecting a bank account for a specific period.

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Answer 2

${\huge{\underbrace{\rm{Answer}}}}$

${\mapsto}{\rm{BRS→Bank \; Reconciliation \; Statement }}$

$\rm \mapsto \: To \: keep \: a \: record \: of \: business \: transactions \\ \rm \: a \: BRS \: comes \: into \: play.$

$\mapsto \rm \: BRS \: is \: a \: statement \: which \: records \: \\ \rm \: differences \: between \: the \:bank \: statement \\ \rm \: and \: general \: ledger.$

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