What Is Brs in Tally?
Bank Reconciliation Statement (Brs) Involves the Process of Identifying the Transactions Individually and Match It with the Bank Statement Such That the...
Bank reconciliation statement (BRS) involves the process of identifying the transactions individually and match it with the bank statement such that the closing balance of bank in books matches with the bank statement.
What is BRS with an example?
Ans: BRS stands for Bank Reconciliation statement. According to the Pass Book or the Cash Book, it is the list of statements issued on a date for reconciling the bank balance. ... It provides the customers with a list of differences between the Cash Book and the Pass Book.
What BRS means?
An account statement is sent regularly to the customers by the bank. ... For reconciling the balances as shown in the Cash Book and passbook a reconciliation statement is prepared known as Bank Reconciliation Statement or BRS.
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