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1.WHAT IS BRS?
2.WHY DO WE PREPARE BALANCE SHEET?
3.WHAT IS TRIAL BALANCE?
4.WHAT IS VENTURE CAPITAL?
5. WHAT IS DEFFERED REVENUE EXPENDITURE?
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Answer Posted / manish yadav
1. BRS IS A STATEMENT PREPARE ON A PARTICULAR DAY TO KNOW
THE CORRECTNESS OF CASH BOOK WITH THE BANK STATEMENT. MEANS
WHETHER ALL THE TRANSACTION IN CASH BOOK IS ACCORDING TO
BANK STATEMENT OR NOT. IF YES, THEN FIND OUT THE REASON.
2. BALANCE SHEET IS PREPARED AT THE END OF THE ACCOUNTING
YEAR TO KNOW THE FINANCIAL POSITION OF THE BUSINESS.
3. ALL THE ERRORS WHICH OCCURS IN PREPARATION OF LEDGER CAN
BE FIND OUT WITH THE HELP OF TRIAL BALANCE.
4. VENTURE CAPITAL IS BASICALLY THE FUND PROVIDED BY THE
INVESTOR FOR START UP THE BUSINESS.
5. ALL THOSE EXPENSES, THE BENEFIT OF WHICH WILL BE ENJOY
IN FUTURE IS CALLED DEFERRED REVENUE EXPENDITURE. LIKE:
ADVERTISEMENT EXP. AND SHOWN IN ASSETS SIDE OF THE BALANCE
SHEET.
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