If Pass book & Cash Books Balances are showing same so are
you need to BRS ?
Answer Posted / s
yes bcoz sometime compensating errors occur i.e rs 500 of discount not entered in company book but charged in bank pass book and cheque rs 500 received bt not sent to band whereas not recorded in bank pass book.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
Tell me by saying, perpetual or periodic inventory system; what do we mean?
how to pass journal entries for reverse tax on input tax paid
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What is the objective of the balance sheet?
What is accounting for plant assets?
How does Cheques work while processing it in SAP? What are the effects and the methods.
What is fiduciary accounting?
Tell me what is gaap?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
Explain have you ever heard about tds, what it is?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
What is the difference between the accrual accounting and cash accounting?
plz can some one tel me "The concept of stock holder's equity and paid in capital".