What do you mean by Bank Reconciliation Statement(BRS)?
Answer Posted / bhaskar kaliyaperumal
Since there are timing differences between when data is
entered in the banks systems and when data is entered in the
individual's system, there is sometimes a normal discrepancy
between account balances. The goal of reconciliation is to
determine if the discrepancy is due to error rather than
timing.
Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
difition of reserve & surplus
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
What is bond ? What is capital market?
What is the basic accounting equation?
What is entry of Dishonored cheque issued to supplier
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
what is profit and loss(dr) in cash flow statement?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Do you know what qualities and skills make an account manager successful?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
What is the provision?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
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
Define dual aspect term in accounting?
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?