Answer Posted / lxmi1972
BRS- Bank Reconciliation Statement
Why BRS?---This is a reconciliation statement prepared by
comparing the transactions posted in the Bank Book and
Bank. By doing this, open items can be found and fixed
accordingly,in a timely manner(particularly at the time of
Month end close)
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
what is tax deducted at source
what are the processes of account reconcillation
Tell me the types of accounts involved in double entry book-keeping?
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
What is the general classification of accounts that usually ledger account involve?
What is tally accounting?
what are the limitations of accounting ratios?
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
How Can We Justify the,Real A/C & Nominal A/C?
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
What does the abbreviation m mean in accounting?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
Explain compound journal entry.
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
what are cost accounting and its applications?