Answer Posted / gourabh gourisaria
BRS MEANS BANK RECOUNCILIATION STATEMENT WHICH IS USED TO
RECTIFY THE PASS BOOK MADE BY US AND MAKE CHANGE IN PASS
BOOK ACCORDINGLY
Is This Answer Correct ? | 11 Yes | 6 No |
Post New Answer View All Answers
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 revaluation of Accounts, how does it is accounted in business
EXPAND______________ICC
What is the definition of LOSS. Give the formula if any.
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
What will be entry pass in tally if TDS paid by Credit Card.?
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
What is compensation theorem?
Comments Elements in accounting
Debit Note & Credit Note?
What do you mean by Adjustment
what is the difference between speculation & investment?
How are fund-raising and publicity and management and administration costs apportioned over funds?
Expand-------ANTS
What is miscellaneous expense and when it is used