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Answer Posted / ravishankar
Mis- Management Information System
1)Every Company has Mis to close the records of the monthly
transactions or the specified period which they have.
2)MIS relates to closing and finalisation of monthly P&l or
balance sheet(in expense classification)
3)It also includes bank recon of all bank books for the
monthly transactions.
4)In short, mis related to all informations(consolidated)on
a monthly basis like service tax input credit or
classifications of cost centre wise.
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