Interested to Buy Any Domain ? << Click Here >> for more details...
Could you tell someting Use's of Trial Balance and where we
get the details.
- 3 Answers
- 6983 Views
- Genpact, MNC, I also Faced
- E-Mail Answers
Answer Posted / b.murali krishna
It helps us to trace any changes in the opening balances .As
we know the closing balances of the last year must be the
opening balances of the current year,this can be checked
through trail balance.It gives you an overview of the
transactions that took place in the current year..
The debit transactions denote expenses and assets and the
credit transactions denote incomes and liability.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
what is t code of gr/ir report?
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored
how will decide that vender payment is ok without reco
What are mis reports?
How can do it TDS in accounts?
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
Tell us depreciation and its types?
What is project implementation?
What is consignment cycle.?Explain the steps involved in the Consignmet..?
What are time sheets?
what is share application money pending allotment?
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
