Interested to Buy Any Domain ? << Click Here >> for more details...
what is Bank Reconciliation Statement (BRS) give detailed
explanation with causes?
- 1 Answers
- 5686 Views
- I also Faced
- E-Mail Answers
Answer Posted / lavsingh
What Does Bank Reconciliation Statement Mean?
A form that allows individuals to compare their personal
bank account records to the bank's records of the
individual's account balance in order to uncover any
possible discrepancies. Investopedia explains Bank
Reconciliation Statement
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 ? | 4 Yes | 3 No |
Post New Answer View All Answers
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
Explain the term account payable?
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
what is t code of journal voucher report with amount?
If closing stock is given in adjustments, how we show in tally 9.0 ?
What are the different fields of accounting?
Explain the meaning of long-term notes payable is or long term liabilities?
Explain me what is important to effective market analysis?
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
calculations of pf
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
