what is BRS
- 27 Answers
- 86959 Views
- Cap Gemini, Capital IQ, Genpact, LUX, Muthoot Group, I also Faced
- E-Mail Answers
Answer Posted / chandana
BRS stands for Bank Reconciliation Statement. It is prepared
to find out the diffrence between the bank cash book and
pass book.The bank cash book is maintained by the customer
and the pass book is maintained by the banker himself. The
customer ( either a company or an individual)keeps both cash
book and passbook with himself and reviews the passbook with
the banker whenever he goes to the bank. The main reasons
for diffrence between cash and passbook are as fallows:
1. Cheques deposited into bank but not credited.
2. Cheques drawn but not presented for payment.
3. Bank charges are debited in bank account.
4. cheques dishonoured.
| Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?
What Are The Characteristics Of Modern Accounting?
what are the rules and regulations of junior accountant
What is PE ratio formula ?
what happens to each of the three primary financial statements when capital expenditures decrease?
can i have practical examples of AS-30
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
What part can management policy play in the analysis of cost behaviour?
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
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.
What is the process of VAT & CST Registration?
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
