Answer Posted / bhaskar kaliyaperumal
BRS is a comparing the Company's bank account with the
Banker's statement. Some time Company's bank account balance
does not match to the Banker's account balance. So you need
to find the difference between the two accounts.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
in Tally what is cost cenre,cost categori and why we need to prepare them
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
In accounting, how do you define the premises?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500
Into which account do we close the revaluation account balance during the winding up of a company?
when receieve cheque from a party and we deposite cheque in bank how do this entry
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
How do I charge bank charges on payments to clients
What does it mean to do accounting training outside of public practice?
what is the last date of deposit TDS on liability for the assessment year 2010-11
What are the disadvantages of double entry system?
What are depreciation and amortization?
how many times we can deposit the old currency in one a/c in the bank
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.