Answer Posted / tej prakash sati
Journal is the source to transfer the balance to one
account to other account easily and it depends on the
different accounting softwares, i.e
Tally- We can transfer the balances from GL to GL, AR to AR
& AP to AP through Journal.
Oracle & SAP- We can transfer the balances from GL to GL
without affecting AR or AP modules.
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
What are Home Equity Loans ?
I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
What is payment/receipt/period accruals?
Expand--------SOT
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
Give a brief explanation of the fundamental accounting concept of prudence
What will be entry pass in tally if TDS paid by Credit Card.?
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com
what is sevice tax? on what service tax is applicable. explain with examples?
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c