BRS........
This query is : Resolved
vykunta vasu
(Querist)
05 June 2008
could u plz tell me about BRS in practical,what's main points to do BRS. plz asses me.
vykunta vasu
(Querist)
05 June 2008
that's mean audit of BRS
Pooja Chopda
(Expert)
05 June 2008
to audit BRS:
1st confirm the balances mentioned in it from books & bank statement.
2nd scutinise the items standing in reconciliation..
If intt & bank chrgs are there in reco..get the entries passed.
Look at long pending cheques issued that have not been cleared...enquire why they are pending...has the party even recd the cheque...
Look at long pending cheque recd in reco..look at the validity of the cheques..
Also there may be certain cases that we have issued ch & it has cleared but entry not there in books...or amt deposited in our account... but entry in books pending..get the entries done.
Also for ch issued but not cleared ch next 15-20 days statement to get the clearance date..
1st confirm the balances mentioned in it from books & bank statement.
2nd scutinise the items standing in reconciliation..
If intt & bank chrgs are there in reco..get the entries passed.
Look at long pending cheques issued that have not been cleared...enquire why they are pending...has the party even recd the cheque...
Look at long pending cheque recd in reco..look at the validity of the cheques..
Also there may be certain cases that we have issued ch & it has cleared but entry not there in books...or amt deposited in our account... but entry in books pending..get the entries done.
Also for ch issued but not cleared ch next 15-20 days statement to get the clearance date..
vykunta vasu
(Querist)
05 June 2008
Thanks a lot Pooja Chopda
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