Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Purpose of Preparing Bank Reconciliation
Statement?
- 7 Answers
- 22060 Views
- EDS, I also Faced
- E-Mail Answers
Answer Posted / prabhavthy
The purpose of preparing BRS is to know the actual balance
in bank book. For that we have to compare the bank book and
company book.And major things is to ascertain the fund flow
for the company.Based on that balance the will issue the
cheques.. The BRS carried out for 1st week of every month.
| Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
if my salary is 12000 per month how much i will get after deducting PF an ESI
What are mis reports and how do you prepare it?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
How do I charge bank charges on payments to clients
Did you use accounting applications at your previous companies or prefer working manually??
What is tds and how it is calculated?
What are the characteristic features of financial accounting?
what do you mean by Firm
how to individual capital account.
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
List out things that fall under intangible asset?
