BRS stands for Bank Reconciliation Statement. BRS is a statement that compares the bank balance as per the bank statement with the balance as per the company's books. It helps in identifying any discrepancies or errors in the bank transactions. The BRS is prepared by the company's accountant or accounts department. The statement includes details such as deposits, withdrawals, bank charges, and interest earned. The BRS is an important tool for ensuring the accuracy of financial records and preventing fraud. Example: If the bank statement shows a balance of $10,000 and the company's books show a balance of $9,500, the BRS will help identify the reason for the difference.

BNY Interview Questions: Fullform of BRS

Asked inBNY,Accounts Receivable Analyst

Fullform of BRS

AnswerBot

BRS stands for Bank Reconciliation Statement.

BRS is a statement that compares the bank balance as per the bank statement with the balance as per the company's books.
It helps in identifying any discrep...read more

Help your peers!

Add answer anonymously...