What does BR to BR mean on my RBC bank statement?

What does BR to BR mean on my RBC bank statement?

BR to BR means bank reconciliation in simple terms. This means that some reasons prompted an adjustment to your account. In such cases, you may have to reach out to your bank personally to ask for details of the adjustment. either the bank or the organization itself has made an error.” …

What is Br in money?

The term ‘B/R’ in accounting means “BILLS RECEIVABLE”.

What does RT BR mean?

Revenue To Be Recognized. Finance, Revenue, Technology. Finance, Revenue, Technology. -1. RTBR.

What does BR mean in medical terms?

bedrest bathroom
List of medical abbreviations: B

Abbreviation Meaning
BR bedrest bathroom
BRA bilateral renal agenesis
BRAT The BRAT diet: bananas, rice, applesauce, toast (helps digestion in some GI disorders)
BRATY another version of the BRAT diet: bananas, rice, applesauce, toast, yogurt (helps digestion in some GI disorders)

What credit means in accounting?

A credit is an entry made on the right side of an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account. Record the corresponding credit for the purchase of a new computer by crediting your expense account.

What is credit in simple words?

Credit is the trust that lets people give things (like goods, services or money) to other people in the hope they will repay later on. Example: Example: Banks will often let people borrow money through a “credit card” or a “line of credit” in the hopes the person will pay it back. The bank will usually charge interest.

How do you know if its debit or credit?

For placement, a debit is always positioned on the left side of an entry (see chart below). A debit increases asset or expense accounts, and decreases liability, revenue or equity accounts. A credit is always positioned on the right side of an entry.

What is DR and CR amount?

Understanding Debit (DR) and Credit (CR) An increase in the value of assets is a debit to the account, and a decrease is a credit. On the flip side, an increase in liabilities or shareholders’ equity is a credit to the account, notated as “CR,” and a decrease is a debit, notated as “DR.”