Hello........i need to ask one question ... if i want to prepare BRS for a one year and suppose a cheaque issued for payment in month of august but it was presented in september then what will be the treatment at the end of financial year...
Regards...
Since we are reconciling the difference of year end balance between pass book and bank book,those entries which are outstanding as at year end will only appear in BRS,those entries which arise in year and got adjusted in the same year will not arise in the BRS.
| Originally posted by : Kumar Babu.G | ||
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Since we are reconciling the difference of year end balance between pass book and bank book,those entries which are outstanding as at year end will only appear in BRS,those entries which arise in year and got adjusted in the same year will not arise in the BRS. |
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CAclubindia
