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On 01 December 2024 at 01:49:51
All payments and receipts are by online modes .
What is the relevance of BRS ?On 01 December 2024 at 09:39:59Eswar Reddy S
CFO- at NHTFGeneral Bank reconciliation is to give statement of differences between bank balance as per bank and and accounts..
On 01 December 2024 at 15:30:48Is the BRS relevant if all transactions are by online modes?
On 01 December 2024 at 16:04:26Eswar Reddy S
CFO- at NHTFGenerally Bank Reconciliation Statement is relevant if there are cheque payments and receipts are involved.
If all transactions are by online modes then BRS may not be required if balance as per cash book and passbook are sameOn 02 December 2024 at 02:07:10If there is no difference in both balances ?
On 02 December 2024 at 07:42:36Eswar Reddy S
CFO- at NHTFThen BRS is irrelevant.
BRS required only if there is any difference between cash book and passbookOn 03 December 2024 at 01:33:42prasad Nilugal
GST Practitioner & AccountsNo , Difference is not possible, due Interest received from Bank , Bank Charges, Commission charged by the Bank , error by the Accountant, standing instructions by the Account holder, Dishonour of cheque, cheque payment,for those reasons, we have to refer Bank Statement for reconciliation , so no difference is not possible.
Bank reconciliation has a relevance and should be done regularly at the end of month.On 03 December 2024 at 01:49:19Eswar Reddy S
CFO- at NHTFIf all entries in bank statement are entered in accounts then what difference occurs if there is no cheque involved.
Queriest says all are online transactionsOn 03 December 2024 at 06:51:21KRITI PAREEK
Chartered AccountantIn Online Transactions also sometimes entry clears next day . Therefore if its 31st March and the entry clears on 1st April then even in case of online transaction BRS is required
On 04 December 2024 at 03:56:35prasad Nilugal
GST Practitioner & AccountsOne has to pass entries from Bank statement after downloading from Bank site , in our bank ledger for Bank Charges, Commission charged, Interest received is reconciliation only , bank also do error some time , accountant made mistakes in amounts. so reconciliation is necessary.
On 05 December 2024 at 00:52:15Eswar Reddy S
CFO- at NHTF@ Kriti,
Online transactions will reflect in bank on the same day and it shows valuation date on the next working dayOn 05 December 2024 at 15:54:09Yasaswi Gomes new
FinanceThere is no relevance in brs. With sophisticated erps now a days, if somethig doesnt mathc, you have to put it into a suspence. Then, b.com or mba or a ca manager will sort it out. You dont even have to calculate and you get paid at the top level.
On 06 December 2024 at 00:37:21Yasaswi Gomes new
FinanceBesides brs is for poor people. Ca doesbt have brs apart from diploma level this is all cheap ro earn money by colleges. Brs is not even accounting but they interview questions. Ceos are trying to earn nake mobey by showing brs is important that higher qualified dont it. My a
On 06 December 2024 at 21:54:14Yasaswi Gomes new
FinanceAs per the cash book or bank book it says and who the frig cares. There no perfect principle behind brs. So vagabonds in accounting need not come back asking silly questions. When an accounts curriculum doesnt have it neither does a standard, its a cheap transaction and cost constraint.
On 07 December 2024 at 05:30:05Yasaswi Gomes new
FinanceAs per the cash book or bank book it says and who the frig cares. There no perfect principle behind brs. So vagabonds in accounting need not come back asking silly questions. When an accounts curriculum doesnt have it neither does a standard, its a cheap transaction and cost constraint.
On 07 December 2024 at 18:53:52Yasaswi Gomes new
FinanceAs per the cash book or bank book it says and who the frig cares. There no perfect principle behind brs. So vagabonds in accounting need not come back asking silly questions. When an accounts curriculum doesnt have it neither does a standard, its a cheap transaction and cost constraint.
On 08 December 2024 at 14:53:50Yasaswi Gomes new
FinanceAs per the cash book or bank book it says and who the frig cares. There no perfect principle behind brs. So vagabonds in accounting need not come back asking silly questions. When an accounts curriculum doesnt have it neither does a standard, its a cheap transaction and cost constraint.
On 09 December 2024 at 02:20:24Yasaswi Gomes new
FinanceAs per the cash book or bank book it says and who the frig cares. There no perfect principle behind brs. So vagabonds in accounting need not come back asking silly questions. When an accounts curriculum doesnt have it neither does a standard, its a cheap transaction and cost constraint.
On 09 December 2024 at 21:49:36Yasaswi Gomes new
FinanceAs per the cash book or bank book it says and who the frig cares. There no perfect principle behind brs. So vagabonds in accounting need not come back asking silly questions. When an accounts curriculum doesnt have it neither does a standard, its a cheap transaction and cost constraint.
On 10 December 2024 at 10:48:27Eswar Reddy S
CFO- at NHTF👍🏻👍🏻
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