what is reconciliation ?

Answer Posted / raman kumar

BRS is the statement in which we have to reconcile the two
balance's balance as per cash book and bank pass book and
pass the nessarry correcting and ajustment entries in the
books of firm.

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

1633


For what purpose ERS is used for?

1772


whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

1179


what is Sums on Finalization of Accounts?

1621


interest paid comes under which head

1027






When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

1679


What are motive behind mergers And acquisitions?

1693


Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1416


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2061


EXPAND___________IMF

1715


Define Salry for the following purpose 1.To calculate HRA

1733


What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?

1330


loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid

1617


what is mean by traditional accounting ?

1986


company's total overhead expense is containing which are the expenses? Definition of overhead expense.

1515