Could you tell someting Use's of Trial Balance and where we
get the details.
- 3 Answers
- 5367 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 ? | 0 Yes | 0 No |
Post New Answer View All Answers
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
Do you know offset accounting?
What is mutual fund sub accounting?
is it related to b.com syllabus or puc syllabus
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
What is accounting & why it is used?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
whether bills of exchnge can come under the category of reserves and surplus
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
goods worth rupees 440 distributes free among the poor?
any one provide me mm & fi configration steps
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
Mention what are things will not be included in a bank reconciliation statement?
What elements of your job do you find most difficult?
