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What do you mean by balancing of ledger account?


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More Accounting General Interview Questions

Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?

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Under Accrual Accounting, How Are Worker Comp Premiums Handled?

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prepare theree column cash book from the following details on 3/2/06 1 balance (in hand) in the beginning 25,000. 2 recived chaque from x worth 5,000 3 deposited the same cheque into bank on next day 4 deposited 5000 into bank 5 withdrew 1,000 for personal use

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Principles of accounting

4 Answers   Bank Of America, Genpact,


Which kind of transactions are not recorded in the books of account?

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Give Journal Entry for "Interest Received from Bank" and give description with Accounting rules

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i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

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What is project implementation?

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what is miscellaneous expenditure??

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