what are the errors in brs?& what is useful of them?
Answers were Sorted based on User's Feedback
Answer / avi
1.Cheque deposited but not Cleared in Bank
2.Cheque Issued but Not Cleared in Bank
3.Debited By Bank but not Accounted by us
4.Credited Bank But not Accounted by us
to get the current bank balance
Is This Answer Correct ? | 36 Yes | 0 No |
Answer / srikanthreddy.a
1. Cheques deposited in to but not cleared
2. Cheques issued but not yet present for payment
3. Bank charges given pass book only
4. dishonour cheques
5 wrong debit given pass book only
6. directly payment made by Bank behalf of customers
7. wrong credit in pass book
Is This Answer Correct ? | 16 Yes | 0 No |
Answer / rohit kumar
DEBIT BALANCE AS PER OUR BOOKS
+ CH. ISSUED BUT NOT YET PRESENTED FOR PAYMENTS.
- CH. PAID INTO BANK FOR COLLECTION BUT DISHONORED BY BANK.
+ ANY WRONG CREDIT GIVEN BY BANK.
- ANY WRONG DEBIT GIVEN BY BANK.
- BANK CHARGES.
+ BANK INT. RECD.
+ CH. PAID INTO BANK FOR COLLECTIONS BUT OMITTED TO BE
ENTERED IN CASH BOOK.
- CH. ISSUED BUT OMITTED TO BE ENTERED IN CASH BOOK.
+ AMOUNT DIRECTLY DEPOSITED BY THE CUSTOMER INTO BANK.
Is This Answer Correct ? | 1 Yes | 0 No |
As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Liabilities:? As the Company can change the classification based on their business? Or these meanings are fixed?
hi friends i went one interview yesturday Hr is asked " r u have experince in payroll accounts " what is this experience i cant understand pls post the answer?
what is depreciation? what are depreciation methods? please explain those method? can any one reply urgently? Answer
Under which Act( Com/IT) depreciation debit to P & L ?
what is account opening and account closing??
10 Answers Royal Bank Of Scotland,
What Is ROC? Explian briefly?
whether depreciation is fundfolw or cashfolw?
what diff. between current assets and non current assets? with example.
Which of the following errors are not revealed by the Trial Balance: (a) compensating errors; (b) errors of commission; (c) wrong balancing of an account; (d) wrong totalling of an account
what is penaultimate sale
Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?
what is the direct taxes?
3 Answers JK Associates, TATA,