BRS stands for Bank Reconciliation Statement. It 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 ...read more

Bank Reconciliation Statement

for reconcilling the balance as shown in the cash book and passbook

Bank reconciliation statement

For reconciling the balances as shown in the Cash Book and passbook a reconciliation statement is prepared known as Bank Reconciliation Statement or BRS.