how to check in brs + or -
Dear Student
In BRS , + or - Depends on the balance according to which you are preparing it. If you are preparing BRS with Cash book balance to reconcile it with pass book balance then the transactions which are only recorded in cash book or other error transactions will be reversed in BRS in order to reconcile it with Pass book balance .
And their would be same procedure even if we are going according to other balance i.e as per pass book or OD.
Suppose
Balance as per cash book is given Rs 2,00,000/- . Sales of Rs 1,00,000/- has not been recorded in Passbook .
So this means that Rs 1,00,000 has been entered in cash book but it is not recorded in pass book , In BRS we would deduct this Rs 1,00,000 (as previously this was added) from Cash book balance to arrive at pass book balance.
Hope this helps
Keep posting
Regards
In BRS , + or - Depends on the balance according to which you are preparing it. If you are preparing BRS with Cash book balance to reconcile it with pass book balance then the transactions which are only recorded in cash book or other error transactions will be reversed in BRS in order to reconcile it with Pass book balance .
And their would be same procedure even if we are going according to other balance i.e as per pass book or OD.
Suppose
Balance as per cash book is given Rs 2,00,000/- . Sales of Rs 1,00,000/- has not been recorded in Passbook .
So this means that Rs 1,00,000 has been entered in cash book but it is not recorded in pass book , In BRS we would deduct this Rs 1,00,000 (as previously this was added) from Cash book balance to arrive at pass book balance.
Hope this helps
Keep posting
Regards