1.WHAT IS BRS?
2.WHY DO WE PREPARE BALANCE SHEET?
3.WHAT IS TRIAL BALANCE?
4.WHAT IS VENTURE CAPITAL?
5. WHAT IS DEFFERED REVENUE EXPENDITURE?
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Answer Posted / santosh
1) BRS is a statement preparing to know the difference
between cash book and bank book, it prepared by both bank
and individual who maintain the cash book. it reconciles the
difference amount due to the late record in the books
2) Balance sheet is statement prepare to know the financial
position of particular period of time
3)Trail balance is a statement of assets, liabilities,
woner's equity of particular point of time to know the
financial position of the business.
4) Venture capital is financing to high risk ventures by
providing new qualified enterpenures and provides funds to
give shap of their ideas
5) Differed revenue expenses are recurring expenses for
helps in growth of business, these are recurred but not
effect on p/l a/c, because these are heavy expenses and
those are not write off in a single accounting year, it
takes in next up coming years
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