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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? 6. what is mutualfund? 7. why
net profit shown liabilities side in balance sheet?
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Answer Posted / chandashekhar
1: BRS: Bank reconciliation statement it is explain the difference between cash book and pass book when it is compared.
2: to now the exact financial position of business
3: the main purpose of trail balance is to know the accuracy of books of accounts.
4: Parent Company distributes to its existing shareholders new shares in a subsidiary, thereby creating a separate legal entity with its own management team and board of directors.
5: the exp which is incurred for long period like 5 years+
6: pooling of money form investors and invested in certain investment objectives
7: Becoz profit is liability to business for its shareholders
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