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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2781)
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Question
what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
 Question Submitted By :: Venkateshpentam
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
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 ?    68 Yes 1 No
T
 
  Re: what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
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 ?    22 Yes 8 No
Mr.roshan Dahal
 
 
 
  Re: what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
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 ?    18 Yes 7 No
Hari Shankar Sharma
 

 
 
 
Other Accounting General Interview Questions
 
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what is the reason for finding break even point ACS 2
what is rate of service tax for construction co?   1
what is tds? how this tds deducted? what is percentage? how to calculate? what is the procesure?   3
Name three (3) equity security data points   2
A company has not deposited TDS since April 2010 till 31-12- 10. TDS amount is around 3.00 Lacs per month u/s 194c,J and 1.00 U/s 192. Can any one tell concequences and chart in excel sheet how much to be deposited as on 31.12.2010 with interest. For each quarter - whether interest calculation is separate or to take it cumulative. pls explain with qanswers and hoe much panely , interest to be paid till 31.12.2010 also inform the status of tds certificates to be issued and panelty for the same for late issuance. i.e what shud be the date of issuing the certificates to public & empoloyees.   1
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What is current ratio? Hyundai 3
IFRS and its applicability in India CA 2
What is cash profit Capital-IQ 2
if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry of it. Infotech 3
how we will account the preliminary expenses in journal and ledger as well as balance sheet?   5
how to calculate working capital?   6
 
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