Answer / lxmi1972

BRS- Bank Reconciliation Statement

Why BRS?---This is a reconciliation statement prepared by
comparing the transactions posted in the Bank Book and
Bank. By doing this, open items can be found and fixed
accordingly,in a timely manner(particularly at the time of
Month end close)

where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?

1 Answers  

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Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm

0 Answers   ABB,

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if rs 200 has to be charged in one A/c but had been wrongly charged in another A/c.what entry will be pass to correct the entry

3 Answers  

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What is accounting transaction?

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What is a Special Calendar and its types

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Explain me what is assets minus liabilities?

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Who owns the general ledger?

0 Answers  

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Pl send your mail addresses to avail a Free Book on interviews. It is specially designed containing 30 pages for Freshers in Accounting Job Seekers

7 Answers  

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Business entity concept?

2 Answers   ACS,

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What is the purpose of financial statements?

0 Answers  

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the amount paid aganist the outstanding salary and the amount paid aganist the loan (liabilities)-how and where to make an entry?

2 Answers  

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Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

0 Answers  

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