If Pass book & Cash Books Balances are showing same so are
you need to BRS ?
Answer Posted / sunilkumarsuresh
BRS-Bank Reconconcilliation is doing to ascertain the
accuracy of the bank ledger account.Eventhough the bank
balance is same ,we have to reconcille each
transactions.The amount in our bank account may be the same
but it may be recieved or paid to different parties.
So the answer is YES
TanQ
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
Why is it necessary to prepare Asset Disposal Account?
What are bills receivable?
As you know any other accounting application?
Differentiate accounting and auditing?
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 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.30 million per annum. The plant can be sold for 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 annum 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 installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
export sales contract and domestic sales contract? india's trade in commercial services?
Tell me what do you believe makes a successful account executive?
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
Tell me what is “deposit in transit”?
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
How many invoices on average do you handle on a weekly/monthly basis?
Do you know company's payable cycle?