what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
Answer Posted / hari shankar sharma
MICR means "Magnetic Ink Character Recognition" which are
unique code to identify the particular branch of a
particular bank
while BSR code is used by any authority to identify bank in
which such tranasction of govt occured.
Both are different because one is identify the branch of
any bank and another is identify the tranjection
| Is This Answer Correct ? | 23 Yes | 10 No |
Post New Answer View All Answers
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
How does Cheques work while processing it in SAP? What are the effects and the methods.
what is the diffrence between cash flow & cash fund?
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
Describe me accounting rules
how sales invoices adjusted against advance received from Debtor?
Define retail banking?
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
List the type of transactions entered in journal proper.
Who is considered the father of accounting?
What are accounting entities?
what is "goodwill" reserve and surplus and reserve with example
can we change date in tally.erp s/w in educational mode ?
Mention why some asset accounts have a credit balance?
Explain things that fall under intangible asset?