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Reconciliation is finding resolution in two set of records, in case of discreprancy
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DJ
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∙ 12y ago
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What is BRS in accounting?
Banking Reconciliation Statement
Where can one find information on account reconciliation?
Account reconciliation is the comparing of transactions that you have recorded against the a statement from the bank. To find out more about how to do this one could visit the Accounting Coach website.
What does month end reconciliation mean?
probably going to reconciliation (confession) at the end of the month.
Who prepared bank reconciliation statement?
Accountant....or the acount's holder it self...
What does reconcilation mean?
to reconcile is to make up. to make peace with something or someone. It means to settle or to bring something to accept It sort of depends on what you're saying. Like if you got in a fight with a friend then reconcile would mean- to forgive each other or to come to an agreement. In accounting or measurement it can mean to bring numbers into agreement; e.g. the CPA reconciled his client's profit and loss statements.
What aspect of accounting do you dislike the most?
Many people don't like the reconciliation process. This is when you have to make adjustments in accounts to ensure everything balances.
What is bookkepping?
is a process of recording transactions according to Cash Receipts, Cash Payments and Bank Reconciliation as per General Accounting& Auditing Practice.
What is cost reconciliation?
Reconciliation always has costs and benefits. Some costs might mean having to live with feelings of hurt. It may mean giving up some terms or behaviors. One has to weigh the costs versus the benefits of reconciliation.
What are the basic concept are accounting?
Major aspect of accounting in any business organization is financial accounting and inventory accounting. While the financial accounting deals with the monetary aspects the inventory accounting deals with the quantitative aspects of the goods and services of the business organization. Important financial accounting aspects are payment voucher, journal voucher, cashbook, general ledger, bank reconciliation and trial balance. Important inventory accounting aspects are opening balance, purchases, sales and closing balance.
What are the basic accounting concepts and conventions?
Major aspect of accounting in any business organization is financial accounting and inventory accounting. While the financial accounting deals with the monetary aspects the inventory accounting deals with the quantitative aspects of the goods and services of the business organization. Important financial accounting aspects are payment voucher, journal voucher, cashbook, general ledger, bank reconciliation and trial balance. Important inventory accounting aspects are opening balance, purchases, sales and closing balance.
What does intermediate account reconciliation mean?
two figures matching
What does it mean to dream of reconciliation with an ex girlfriend?
That you have not yet moved on.
