Answer Posted / more akshay dhondu

A B.R.S. is a statement prepared by organizations to
reconcile the balance of cash at bank in a company's own
records with the bank statement on a particular date.
This statement is the most common tool used by
organizations for reconciling the balance as per books of
company with bank statement & is made at the end of every
month. The main objective of reconciliation is to ascertain
if the discrepancy is due to error rather than timing.
Following steps can carry in Accounts to calculate B.R.S.
1. Cheques drawn but not yet presented to the bank.
2. Cheques received but not yet deposited in the bank.
3. Interest Credited & not recorded in the organization's
book.
4. Bank charges debited but not recorded in the
organizations books.

& Following steps can carry in Cost Accounting to calculate
B.R.S
------------------------------------------------------------
! Net As Per Cost Sheet Amt.
! Add:-
! 1. Any stock's opening balance is overvalued
in cost book. Amt.
! 2. Any stock's closing balance is undervalued
in Cost Book & Overvalued in organization's books Amt.
! 3. Administrative or Selling Expen. Overvalued
in Cost book & Under valued in Organization'
book. Amt.
4. Any dividends received in organization's book &
not recorded in Cost book. Amt.
------
Amt
Less:-
1. Any interest debited in organization's book &
not recorded in Cost book. Amt.
2. Loss on Sale of Assets debited in
organization's book & not recorded in Cost book.
3. Godwill, Preliminery Exp. or any Exp. written
off in Organization's book. Amt.
4. Any tock's Opening balance is overvalued in
financial book. Amt.
5. Any Stock's Closing balance is overvalued in
Cost book. Amt.
6. Administrative Exp. or Selling Exp. is
overvalued in organization's book. Amt.
------
Amt
----
Profit as per Organization's book Amt
----
----

Short Answer on __________Trade

1923

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HOW TO MAINTAIN BANK A/C

2090

---

what is cost audit?

2107

---

hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

2189

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Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

2292

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Short Answer on ________Accounts Payables

1965

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What is SOX

2183

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Define control account Thanks

1999

---

Assets are held in the Business for the purpose of____________________

2252

---

How Many Types of Excise Duties?

2055

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Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts

1969

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what is the difference between speculation & investment?

2234

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Expand--------CMTS

2398

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Short answer on____________Assessment Year

1835

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Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

2537

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