Answer / lxmi1972

BRS- Bank Reconciliation Statement

Why BRS?---This is a reconciliation statement prepared by
comparing the transactions posted in the Bank Book and
Bank. By doing this, open items can be found and fixed
accordingly,in a timely manner(particularly at the time of
Month end close)

Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers   Ignou,

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what is the nature of profit and loss approprition account.which entity prepare this.

0 Answers  

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Suppose A company is giving salary to its employees on 10th of every month. So on which date the salary payable entry will be passed/due also tell what will be the general entry for salary payable

3 Answers   Enrich, Wells Fargo,

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At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

0 Answers  

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What is an operative accounts?

0 Answers  

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Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

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hai, friends am new to sap and i need a sap fico resume any one have plz forward to my mail plz with min 3+ years exp any sap FICO resume mail ID- srinu.gurram@gmail.com

1 Answers  

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cash credit taken from bank then what is the general entry?

0 Answers  

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swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

0 Answers  

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Describe the Balance Sheet?

2 Answers   Cognizant,

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Which type of transactions are used in TallyJournal?

3 Answers   Optimus,

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What is Accruals ? How it is treated in finacials

1 Answers   MRF,

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