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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4370)
Question
what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
MICR means "Magnetic Ink Character Recognition" code used
by banks to identify cheques.

BSR code means : basic Statistical return" code used by
Income tax dept to identify the tax collecting bank while
submitting online return. Every bank has a unique BSR code.
 
Is This Answer Correct ?    74 Yes 2 No
T
 
Answer
# 2
MICR means "Magnetic Ink Character Recognition" which are
unique code for a particular branch of a particular bank to
identify the bank

while BSR code is used by any authority to identify bank in
which such tranasction of govt occured.
 
Is This Answer Correct ?    24 Yes 8 No
Mr.roshan Dahal
 
 
 
Answer
# 3
MICR means "Magnetic Ink Character Recognition" which are
unique code to identify the particular branch of a
particular bank

while BSR code is used by any authority to identify bank in
which such tranasction of govt occured.

Both are different because one is identify the branch of
any bank and another is identify the tranjection
 
Is This Answer Correct ?    19 Yes 7 No
Hari Shankar Sharma
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
how we will make the invoice agt the material sold to other party with the VAT adjustment. Also please pass the journal entry of all process. Hitachi 1
If A is Employee of the co. his salary is 100000 per month. tds is 20000 Rs. Professional tax is 200. then please tell me how to enter in Journal & payment vouchers in tally   9
difference between debit notes and credit notes   1
What is the bank reconciliation and simple explanation of BRS.   9
1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.   2
Distinguish between capital expenditure & revenue expenditure   2
what is fictitious asset   2
My gross salary is 12,000/-P.M & due to less working days gross salary becomes 8,000/-P.M will ESI come as my gross is less than 10,000/-P.M   2
what is purchase consideration?   1
What are direct and indirect taxes? Genpact 7
Dear Sir, I have bought a vehicle the show room price is Rs.921700, Registration Rs.60000 Parking Charges Rs.5000 Please let me suggest What is assets value?   4
What is a wash rate in foreign exchange accounting?   1
 
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