BRS
This query is : Resolved
18 July 2011
What is the suitable defination of BRS ?
18 July 2011
When we compare the balance of the cash book with pass book and the entries shown in these two books are different, then, there is a need for reconciling the balances shown by these two books, after taking all the points of disagreement into consideration. The statement prepared for reconciling both the balances is known as “Bank Reconciliation statement’.
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