Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS MONTH END CLOSING? AND WHAT YOU DO IN MONTH END CLOSSING PROCESS?
- 3 Answers
- 18931 Views
- Thomson Reuters, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
By mistake the above answer is posted by me here for another
query on Cost Centre.
For this query -
Month end closing of Accounts is the process of completing
all the accounting entries by the month end, provisioning
for expenses an preparation of Profit & Loss A/c for the
month and Balance Sheet as at the end of that accounting
month. The process is like year-end closing and finalization
of accounts.
Month-end closing is necessary for preparation and
presentation of MIS Report for deliberations, analysis and
decision making.
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / h.r. sreepada bhagi
Cost Centre is a segment of a business or other organization
in which costs can be segregated, with the head of that
segment being held accountable for expenses. Cost centers
are established in large organizations to identify
responsibility and to control costs.
Each department/division, project, office, factory, section
in a department, a process line in a factory can be a cost
centre. it may differ from company to company and may not be
uniform over different industries, companies, etc. The
purpose of cost centre segmentation is identification,
fixation of responsibility and control of costs as also
matching revenue-cost wherever possible. It also helps in
employee performance appraisal.
| Is This Answer Correct ? | 3 Yes | 6 No |
Answer / rohit
Month total days recorded of transction
1.All Accounts Entry Complted
2.MOnth end day closing Stock
| Is This Answer Correct ? | 3 Yes | 10 No |
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why
what is equity shares?
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
recently watched film narret the story.
1 Answers FactSet Systems, HCL, JPMorgan Chase,
WHAT ARE THE DISTINGUISH BETWEEN ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE
What is Rectification of Errors and types of errors?
if u sale an asset for Rs.1000, which shows the book value of 8600. what will be the journal entry???
Name three (3) fixed-income security data points, which are different from those provided for equity securities
Please explain subcontracting accounting entries in SAP with realtime example and amount.
What are the elements of the accounting equation?
What does the word credit mean in terms of accounting?
what should by the journal entries for tds payble
Audit 
