Answer Posted / muralirddy
At the end of accounting period, all ledger balance are added up. These ledger balances should be debit equals to credit.If any difference in balances the accountant should be rectified that errors.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
why creditors a/c dr. to discount received a/c ?
How to prepare HSD statements in tally
What is the difference between depreciation and amortization?
What is difference vat
What are the 4 types of ppe?
what is one way , two way matching , three way , four way matching ?
What was your most complicated sales cycle in past positions?
How will service tax & excise be charged?
As you know executive accounting?
Explain me the difference between accounting and auditing?
i want to wearies heads under direct expenses and indirect expenses
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
How do you handle rejection?
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
