What is Meant by Bank Reconciliation Statement | How To Prepare a BRS |. Hello Friends, Today We Have Teach You Today What is Meant By BRS ( Bank Reconciliation Statement ) and it is a Statement Showing The Different Between the Cash Book and Pass Book on a Particular Date.
It Is a Generally Monthly Basis we will Prepare strictly Speaking there Should be no Difference b/w Cash Book and Pass Book , Balance. And This is so If all The Entrees are Recorded in Both.
However on a Particular Date it is Possible that Balance on Both the Books Do Not Tally i e Some Entries May have Been Recorded in The Cash Book But not in The Pass Book and Vice Versa.