GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
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What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
what is difference between cost and expenditure and expence
what is contigencies?
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Define the term material facts in accounting?
Define bills receivable?
what is badts and its entries?
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How does Cheques work while processing it in SAP? What are the effects and the methods.
What is the meaning of Stock valuation, and how ?
KINDLY EXPLAIN THREE TYPES OF ACCOUNTS WITH EXAMPLES