Question

what is BRS? Explain briefly

Answer 1

Answer:

Bank Reconsiliation statement

Explanation:

is a statement which records differences between the bank statement and general ledger. ... A BRS means matching records for a cash account entries corresponding to the bank statement. BRS checks the dissimilarity found between the two and makes appropriate changes.

Answer 2

Answer:

Bank Reconciliation Statement or BRS

For reconciling the balances as shown in the Cash Book and passbook a reconciliation statement is prepared known as Bank Reconciliation Statement or BRS. In other words, BRS is a statement that is prepared for reconciling the difference between balances as per the cash book's bank column and passbook on a given date.