BRS stands for Bank Reconciliation Statement. BRS is a statement that compares the bank balance as per the company's records with the bank statement. It helps in identifying any discrepancies or errors in the bank transactions. The process involves matching the transactions recorded in the company's books with the transactions recorded by the bank. Any outstanding checks, deposits in transit, bank charges, or errors are identified and adjusted in the BRS. The final adjusted bank balance in the BRS should match the bank statement balance.

Envirotech Design Interview Questions: What is BRS

Asked inEnvirotech Design,Executive Accountant

What is BRS

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BRS stands for Bank Reconciliation Statement.

BRS is a statement that compares the bank balance as per the company's records with the bank statement.
It helps in identifying any discrepancies or errors ...read more

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