Answer Posted / anchit saxena
trial balance display equal amounts of debit & credit are
recorded in the books of account. so if all the
transactions have been recorded perfectly we can say that
the total of the debit should be equal to total of the
credit.
all expenses & assets are debit
all incomes & liabilities are credit
Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Explain the term account payable?
which report give the data of GL with materials details in sap?
what s account
what is book building
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
What is fitting and fixtures?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
salary and rent entry with tds deduct
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
What is cash flow and fund flow?
What is the meaning of scrap value in accounting?
What do you mean by ledger posting?
Tell me what steps would you take to increase revenue for this company?