BRS stands for Bank Reconciliation Statement, which is a statement that compares the bank balance as per bank statement with the balance as per company's books. BRS helps in identifying any discrepancies between the bank statement and company's books It ensures that all transactions are recorded accurately It helps in detecting any fraudulent activities Example: If the bank statement shows a different balance than the company's books, BRS will help in identifying the cause of the difference Example: If a check issued by the company is not yet cleared by the bank, it will be reflected in the BRS as an outstanding item

BRS stands for bank reconciliation statement. It is prepared on any cut-off date like daily/weekly/monthly. It contains information abount payments made but not presnented to bank and receipt received but not recorded in books and charges levyed by banks not recorded in books. It is financial control machenism to detect errors / ommissions or fraud or wrong debit by banks beyond agreed terms and conditions

Deloitte Interview Questions: what is brs?

Asked inDeloitte,Accountant

what is brs?

AnswerBot

BRS stands for Bank Reconciliation Statement, which is a statement that compares the bank balance as per bank statement with the balance as per company's books.

BRS helps in identifying any discrepanci...read more

AASTHA MISHRA

Bank reconciliation statement

AASTHA MISHRA

Bank reconciliation statement

AASTHA MISHRA

Bank reconciliation statement

AASTHA MISHRA

Bank reconciliation statement

AASTHA MISHRA

Bank reconciliation statement

AASTHA MISHRA

Book keeping . Book means book

Keeping mesns keep

It means book keeping. Whatever account books are there it keep safe

Anonymous

It is a bank reconciliation statement

Anonymous

Bank Reconcilastion Statment

Gurudatt Belhekar

BRS stands for bank reconciliation statement. It is prepared on any cut-off date like daily/weekly/monthly. It contains information abount payments made but not presnented to bank and receipt received...read more

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