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Bank reconciliation statement
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Answer / guest
It is a statement reconciling the balance as shown by
the bank passbook and the balance as shown by the cash book.
main Objective of brs to know the
difference and pass necessary correcting, adjusting entries in
the books.
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Your grandfather is 75 years old. He has total saving of Rs. 80000. He expects that he live for another 10 years and will like to spend his saving by them. He placed his saving into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occuring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Audit 
