To keep a record of business transactions, a Bank Reconciliation Statement (BRS) comes into play. Bank Reconciliation Statement is a statement which records differences between the bank statement and general ledger. The amount specified in the bank statement issued by the bank and the amount ...
RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook BR (redirected fromBrs) Thesaurus Medical Financial Acronyms Encyclopedia Wikipedia Br The symbol forbromine. BR abbr. 1.bedroom 2.bills receivable American Heritage® Dictionary of the English Language, Fifth Edition...
Hence, on the preparation of a Bank Reconciliation Statement in the interim, there will be a difference in the amounts ofbankbalances between the two books.Similarly, where you deposit or withdraw a certain amount from the bank, the same entry gets recordedpromptlyin the cash book b...
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BRS - Bank Reconciliation StatementA bank reconciliation statement is a statement prepared by organizations to reconcile the balance of cash at bank in a company's own records with the bank statement on a particular date. The differences may arise because of the following reasons:1. Cheques depos...
Learn the definition of bank reconciliation statement and how to prepare it. Depending on the volume and value of bank transactions, the reconciliation activities are carried out daily, weekly, fortnightly etc.
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