Answer / 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.

Answer / shailesh

brs is a statement prepared to reconcile the bank balance as per the cash book with the bank balance with the pass book.

Answer / mohd.hasan afaq

Bank Reconciliation statement in which we match the
transactions, bills/checks detail of our cashpook with bank
passbook and identifies the variaces in amounts with the
help of bank statement and our cash ledger.

Answer / guest

its a Bank Reconcilation Statement. it was used to prepare
to rettify the errors in the process of banking. those may
be wrong postings in pass book or cash book.

Answer / nagendra prasad

BRS is nothing but Finding out the Difference between the
Cash Book and Pass Book and Passing necessary adjusted
entries.

Answer / ramoj

BRS: It is a statment showing the causes for the differences between cash book and pass book balances of the business at a particular date.

Answer / v sakkthivel

BANK RECONCILEATION STATEMENT IS PREPARED BY COMPANY AS
AND WHEN ACCOUNT CLOSED IN CASH BOOK TO CHECK AND ASSETAIN
THE AMOUNT OF CASH IN HAND AND CASH AT BANK CLOSING THE
ALLTRANSACTION MADE THAT PERIOD ENDING OF CLOSING OF
ACCOUNTS. BASED ON THE EITHER BY PASS BOOK OR BY CASH BOOK
ADDING/SUBSTRACTING(LESS) TRANSACTION (DEBIT/CREDIT) MADE
ON THAT PEIOD OF ACCOUNT CLOSING. FIND OUT THE OPERING
BALANCE/CLOSING BALANCE OF ACCOUNT PERIOD

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Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

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