What is Account Payables, Account Receivables,BRS,Deferred Revenue,

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Account Payables are the amounts a company owes to its vendors, while Account Receivables are the amounts owed to the company by its customers. BRS is a process of reconciling bank statements with a company's accounting records. Deferred Revenue is the revenue received in advance for goods or services that are yet to be delivered.

Account Payables are the liabilities of a company that arise from the purchase of goods or services on credit.
Account Receivables are the assets of a company that arise from the sale of goods or services on credit.
BRS is a process of verifying and reconciling the balance of cash and bank transactions recorded in a company's accounting records with the bank statement.
Deferred Revenue is the revenue received in advance for goods or services that are yet to be delivered or performed.
Examples of Account Payables include bills from suppliers, rent, and utilities.
Examples of Account Receivables include outstanding invoices from customers.
Examples of BRS include verifying the accuracy of deposits, checks, and other transactions recorded in the bank statement.
Examples of Deferred Revenue include subscription fees, advance payments for services, and gift cards.

What is Account Payables, Account Receivables,BRS,Deferred Revenue,

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