What is the Significance of Open Item of B.R.S. in SAP.
B.R.S= Bank Reconciliation Statement Itmes.
Significance: Open items in SAP means, there are some
transactions which will be appearing and some transactions
which will not be appearing on a particular period and this
open itmes will be derived by reconciling the SAP book
entries with the Bank statement(Statement received from
Bank) and the missing itms in any of those records will
emerge as a Open items.
Through this open items Books the fact of the case can be
ascertained and the relevant recording of entries into SAP
will be happening. Similarly, Banks also can be questioned
for any un authorised and un usual and irreevant
transaction in our account(Company Account). Thus, open
itmes makes a real significance in doing BRS.
| Is This Answer Correct ? | 2 Yes | 1 No |
If a transaction was missed completly how do you find it?
SHADOW BALANCE SHEET
What is the difference between personal account real account and nominal account?
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
what is liability
5. What would be the pay-back period of a project requiring initial investment of $10,000/- and expected to generate a cash flow of $ 2,000/- per year?
Why Capital is Posted in the credit side? Concept of it briefly .
what is the accounting treatment in tally of free goods received with goods purchased.
What are the characteristic features of financial accounting?
tion betweeninradius and circumradius of an equilateral triangle?
What is Journal Entry for Booking & paid Telephone Expenses.