BRS



BRS is called bank reconciliation statement. It is made for knowing the reasons of difference between bank statement and our cash book's bank column. First of all we research to find all the transactions which are responsible for this. Then we make this statement by taking cash book balance or bank statement balance. After adding or deducting the responsible transactions, we reach the other balance. For example, we have cash book balance, if we think if it bank statement what we add in it and what we deduct from it. After this, we will reach the closing balance as per bank statement.
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