Question

What is BRS explain with their examples and format

Answer 1

Introduction and Importance of Bank Reconciliation Statement (BRS) To keep a record of business transactions, a Bank Reconciliation Statement (BRS) comes into play. Bank Reconciliation Statement is a statement which records differences between the bank statement and general ledger.

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Answer 2

Answer:

Explanation: BRS is a statement prepare by the a/c holder on a particular date to reconcile the bank balance as per cash book with the balance as per bank pass book or bank statement .showing entries because of which difference b/w the two balance exist