What is Brs,debitnote,credit note8

Question

Accepted Answer

BRS stands for Bank Reconciliation Statement. Debit note is a document sent by a buyer to a seller to request a credit note. Credit note is a document sent by a seller to a buyer to reduce the amount owed.

BRS is used to reconcile the bank statement with the company's records
Debit note is used to request a credit note from the seller for goods returned or overcharged
Credit note is used to reduce the amount owed by the buyer for goods returned or overcharged
Debit note and credit note are used in accounting to adjust the accounts payable and accounts receivable
BRS is important to ensure that there are no discrepancies between the bank statement and the company's records

Accepted Answer

BRS stand for bank reconciliation statement. 
Bank is statement of general entries the item is receipts is bank account credit and payment is bank account debit
Bank account is statement of confusion solved are statement of Leger

Accepted Answer

Bank Reconciliations statement

What is Brs,debitnote,credit note8

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