Answer Posted / ruchi aggarwal
BRS IS BANK RECONCILATION STATEMENT IN WHICH WE COMPARE PASS
BOOK WITH CASH BOOK OF COMPANY.AND IDENTIFIES THE
TRANSACTIONS WHICH CAUSES DIFFERENCES BETWEEN BOTH OF THE
BOOKS.
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
Do you know public accounting?
What is the journal entry of building rent and TDs payment?
What are the purposes of maintaining control ledgers?
What is a contra entry
Tell me what are things will not be included in bank reconciliation statement?
Into which account do we close the revaluation account balance during the winding up of a company?
What are the differences between accounting and auditing?
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
AL+w button lanunches the .............. installed web brower
What was your average accounts receivable days outstanding/days sales outstanding?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
What are the columns of a journal?
Expand ctc cheque?
Who uses accounting?
Why does the accounting equation have to balance?