where do u get credit opening balance?

Answers were Sorted based on User's Feedback



where do u get credit opening balance?..

Answer / prashanth

Capital account and all reserves and all liabilities.

Is This Answer Correct ?    4 Yes 2 No

where do u get credit opening balance?..

Answer / syed razvi

we credit at the Balance sheet Liability side for sundry
creditors, Bank OD, Capital Account & and any Loans

Is This Answer Correct ?    2 Yes 0 No

where do u get credit opening balance?..

Answer / srinivas rao

we get credit opening balance on credit side of the ledger

Is This Answer Correct ?    4 Yes 3 No

Post New Answer

More Accounting AllOther Interview Questions

Expand-------SCAN

0 Answers  


which a/c affect by contra entry

5 Answers  


What is most Expenses thing to Issue IPO ?

1 Answers  


what is differed revenue expenditure

2 Answers  


What is the difference between TIN no. and CST no.?

4 Answers  






What si the differance between REVENUE and PROFIT?

0 Answers  


How to finalise the accounts of any private limited company?

3 Answers  


can you tell me how to calculate it in payrool

1 Answers  


What is mean by Dis-investment

4 Answers   Capital IQ,


Expand-------ACNS

0 Answers  


In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

0 Answers  


A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if.  The selling price is reduced by 5 %.  Fixed cost is increased by 2 lacs

0 Answers  


Categories