What is a General Ledger Balance? How can it be arrieved at?
Answers were Sorted based on User's Feedback
Answer / rajesh
General ledger balance nothing like statement of accounts
for particular creditors/debtors.during finalization of
accounts we have confirm this to our debtors/creditors.
eg: Sundry Debtors
Sales is Rs.10,000/-.
We got cheque for Rs.10,000/-. Now ledger balance is Nil
Eg: Sundry Creditors
Purchase is Rs.50,000/-.
We given Cheque for Rs.44,000/-. Balance amount Rs.6,000/-.
payable to them.this is general ledger balance. it can be
arrived at Balance sheet.if it is sundry creditors will get
from current liabilities & sundry debtors will get from
current asset
Is This Answer Correct ? | 8 Yes | 2 No |
Answer / pawan kumar garg
General Ledger reflects the transaction done during the
period for a particular vendor/debtors/expediture.
Is This Answer Correct ? | 5 Yes | 1 No |
Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?
what is insider trading?
what are time sheets?how they are maintained?
What is deferred Tax, deferred Assets & deferred liability ? What is the procedure to calculate?
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
I gave cash advance of Rs. 70000 to one our enginner at site. He submitted only bills of 69000. Please tell me, how I can write these transaction in the Day book.
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
what is the fullform of ADN?
What is the TDS Rates for the F.Y 2008-09 ?
11 Answers AGP Homes, Biotech, NCC,
Who are called as partners
In FY2010-11, if person get salary 189600.00 after deduction of Profession tax and his investment 11000/- in LIC for whole year how many TDS deduct from his salary Pls reply i am waiting for Answer.
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?