Ibg Fincon Solutions Accountant Interview Questions and Answers

BRS stands for Bank Reconciliation Statement, which is a statement that compares the bank balance as per bank statement with the balance as per company's books.

• BRS helps in identifying any discrepancies between the bank statement and company's books

• It ensures that all transactions are recorded accurately

• It helps in detecting any fraudulent activities

• Example: If the bank statement shows a different balance than the comp...read more

Bookkeeping is the process of recording financial transactions and maintaining financial records.

• Bookkeeping involves recording all financial transactions of a business.

• It includes maintaining records of income, expenses, assets, and liabilities.

• Bookkeeping is essential for preparing financial statements and tax returns.

• Examples of bookkeeping tasks include recording sales, tracking expenses, and reconciling bank state