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how&when brs is prepared
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Answer / abdul hameed
BRS is for knoing bank charges, clearnace of deposited
cheque in bank and knoing RTGS,
It will prepare in necessary ane every month compulsary
in Tally it will calculate by the Key of F5.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / xyz
at the end of each accounting period it may b a year, a
month or a week
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / vivek mohan
with the help of bank book and cash book
accountant prepared BRS to tally them , it is
prepared when this both are dismatched
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / siddeeq
Ascertaining the causes of diffence of bank balance in bank column of the cash book and in pass book
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A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
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Audit 
