Interested to Buy Any Domain ? << Click Here >> for more details...
What is BRS? What is the use of BRS?
- 3 Answers
- 10929 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / darvesi
BRS indicates Bank reconcilation statment . It is prepare
to recounciles the bank accounts.Generally Debit and credit
balances does not maches due to check deposits and check
issue may not presented.
Uses:
We can ascertain the accurate balances of bank
it protect company repudation because when the cheque
cancelled it may lose some repudation. So it is very
impartance.
we have number of uses.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / pradeep
BRS is a statement which is prepaired by a componay's
account department its show the actual balance in compony
book after issuing all cheque .
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / binay seth
BRS(BANK RECONCILIATION STATEMENT)MEANS A STATEMENT PREPARED BY COMPANY TO SHOW THE PROPER DEBIT AND CREDIT BALANCE OF COMPANY BOOKS.
WHEN A COMPANY ISSUE A CHEQUE IT WAS DEBITED BY BANK
AND WHEN A COMPANY RECEIVES ANY CHEQUE THEN IT WAS CREDITED BY
BANK.
AND IN CASE OF COMPANY THE REVERSE WAS SHOWN.
| Is This Answer Correct ? | 1 Yes | 4 No |
Difference between accounting and book keeping ?
what is debenture ?
2 Answers Capital IQ, Genpact,
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
Expalin about the distinction between Profit and loss a/c and balance sheet
Expand----------ITR
What is the Entry for Call in arrears?
Define elaborately what is DIVIDEND
Queries for Big4 Articleship :Communication Skills & Gk?
how many types of depreciation?
what is the sand box?
Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5
Audit 
