Tell me about yourself Golden rule of accounting BRS Purpose of BRS Journal entry in Depreciation Account Receivable Account payable Provision for tax What is provision

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I am a Junior Accountant with knowledge of the golden rule of accounting, BRS, depreciation, accounts receivable, accounts payable, provision for tax, and provision.

The golden rule of accounting states that for every debit entry, there must be a corresponding credit entry.
BRS stands for Bank Reconciliation Statement, which is prepared to reconcile the bank balance as per the company's records with the bank statement.
Depreciation is the systematic allocation of the cost of an asset over its useful life.
Accounts receivable refers to the money owed to a company by its customers for goods or services provided on credit.
Accounts payable refers to the money owed by a company to its suppliers or vendors for goods or services received on credit.
Provision for tax is an estimated amount set aside by a company to cover its future tax liabilities.
Provision refers to the act of setting aside or allocating funds for a specific purpose.

Tell me about yourself Golden rule of accounting BRS Purpose of BRS Journal entry in Depreciation Account Receivable Account payable Provision for tax What is provision

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