What are the transctions comes in brs? Kyc? Working capital? Current assets? Octroi? Baddebts?

Question

Accepted Answer

Transactions that come in BRS include KYC, working capital, current assets, octroi, and bad debts.

KYC transactions are those related to Know Your Customer compliance.
Working capital transactions are those related to the company's day-to-day operations.
Current assets transactions are those related to assets that can be easily converted to cash.
Octroi transactions are those related to taxes on goods entering a particular area.
Bad debts transactions are those related to debts that are unlikely to be paid back.

Accepted Answer

1. BRS Transactions: Cheques issued/deposited but not cleared, bank charges, direct credits.

2. KYC: Identity verification using ID, address, and financial proof.

3. Working Capital: Current Assets - Current Liabilities (used for daily operations).

4. Current Assets: Cash, receivables, inventory, prepaid expenses.

5. Octroi: Entry tax on goods (replaced by GST in many areas).

6. Bad Debts: Unrecoverable customer dues, recorded as an expense.

Accepted Answer

Transactions that come in BRS include KYC, working capital, current assets, octroi, and bad debts.

KYC transactions are those related to Know Your Customer compliance.
Working capital transactions are those related to the company's day-to-day operations.
Current assets transactions are those related to assets that can be easily converted to cash.
Octroi transactions are those related to taxes on goods entering a particular area.
Bad debts transactions are those related to debts that are unlikely to be paid back.

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