Question

meaning of encashed according to BRS in accounts

Answer 1

To exchange a cheque or a financial product such as a bond for money.

Answer 2

BRS also known as Bank Reconciliation Statement is a way to exchange your checks or bonds for the money.

It takes place through the bank and is a form of transaction done when you’re in need of money.

It can be for the exchange of anything and gives you enough amount of cash to accomplish the purpose