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Categories >> Accounting >> CompanyAffairs CS
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS
TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS
DEFFERED REVENUE EXPENDITURE?  6. what is mutualfund? 7. why
net profit shown liabilities side in balance sheet?
 Question Submitted By :: CompanyAffairs-CS
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
bank reconciliation prepare on the interval period when
create the diference in cash balance in the company and
cash balance as per pass book of bank.
trial balance show the arithmatic accurance in the debit
and credit balance.

further detail
cntact 9540725521
 
Is This Answer Correct ?    32 Yes 2 No
Subhash
 
Answer
# 2
we do BRS when there arises a difference between the
balances in the cashbook and passbook.
we prepare balance shhet to ascertain the financial
position of business
trail balances-to chect dual entry of transactions
arithematically
deffereed revenue expenditure-that which spreads the
benefit 4 a long time.
net profit is a liabilkity on part of businee\ss to pay to
owner
 
Is This Answer Correct ?    16 Yes 3 No
Prasannna Kottamasu
 
 
 
Answer
# 3
1) BANK RECONCILLATION STATEMENTS
2) TO KNOPW THE FINANCIAL POSITIONS OF THE COMPANY
3) THE TRIAL BALANCE IS THE REPORT WHICH CONTAIN ALL DEBIT
AND CREDIT IN ALL ACCOUNTS AT THE END OF THE REPORTING
PERIOD.
4) Money provided by investors to startup firms and small
businesses with perceived long-term growth potential. This
is a very important source of funding for startups that do
not have access to capital markets. It typically entails
high risk for the investor, but it has the potential for
above-average returns
5)
 
Is This Answer Correct ?    3 Yes 0 No
Abc
 
Answer
# 4
I am agree with prasanna....damn good...good work....keep it up..... 
Is This Answer Correct ?    0 Yes 0 No
Babhu Kanchupalli(dms)
 
Answer
# 5
brs-bankinag reconsilation statement which shows diffrence
between passbook balance of cash book and cash balance in
pass book.

trial balance-which contains the expenditures and
assets,incomes and liabilities.

differed revenue exp-the benefit of expenditure will expire
for long period.ex-company logo design or redesign

mutual fund-pool the investments from small investors and
invest in various sector of funds by experts.
7.because net profit increase the owner's capital
 
Is This Answer Correct ?    2 Yes 3 No
Sharath
 
Answer
# 6
1.bank recouncilations statement
2. to know the financila positions of company.
3. to know the gross profit or gross loss
4.
5.
6.
7.
 
Is This Answer Correct ?    2 Yes 7 No
Santosh
 

 
 
 
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I am forming a Pvt. Ltd. company with total 4 no. of directors including myself. I'll be providing all the financing via. initial capital investment + operating cost. We have mutually agreed to keep percentage as - 55% myself and 15% each of other 3 (15x3=45%) now my questions are : 1. What if one person backs out at any given point, what are implications and what would happen to his share of percentage ? 2. What should I do to keep a control on decisions and financial matters in case any of the directors cheats/wants to leave? (as my money will be on stake)   1
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