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?
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.
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
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
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
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
"X" company paid the salaries to staff. Then what are the
entry? Is debiting the employee A/c, or Salary A/c? If
salary A/c debited, how we can find if "a" employee salary
paid or not? If we debiting the employee A/c, how to find
how much amount we paid for salaries?