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?
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.
| Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
Tell me what does the standard journal entry includes?
What is the equation for acid-test ratio in accounting?
Tell me what is “deposit in transit”?
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
What is dd and a in oil and gas accounting?
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
What does the investment of personal assets by the owner will do?
Mention what is bank reconciliation?
why are accounting firms needed?
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
what is ment by suspence account and dummy account
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
what are the voucher entries for depreciation in tally and when?