what is BRS
- 27 Answers
- 86720 Views
- Cap Gemini, Capital IQ, Genpact, LUX, Muthoot Group, I also Faced
- E-Mail Answers
Answer Posted / krishna murthy k.s.
Bank Reconciliation statement refers to the comparing 2
books of accounts viz, Bank book & Bank Statement at any
given date or end of the month.
It gives clarify about chqs deposited but not realised,
cheques issued but not presented, debits not accounted by
us and bank deposits (credits) not accounted by us, upon
reconciling the books.
With the above basic concept, there are many ways of
reconcilation of BRS according to the Operating system of
Computer accounting.
| Is This Answer Correct ? | 26 Yes | 6 No |
Post New Answer View All Answers
what is cost audit?
how to mention last year profit of ay private limited company in current year balance sheet ?
Is commodities transaction tax a permissible business expenditure? Explain
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
business sepsarate entity concepts
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.
which are the basic princeples of accountancy... with examples
How the sub ledgers(AP, AR) integrate with GL liability and receivable
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
what do u mean by single error and double error in accointing errors?
please give the sbi bank clerk exam paper model in last five years?
How do the standards assist the users of financial report?
