Latest Answer: GL Account Created on the basis of nature of expences. ...
what type of account appear on a post closing trial balance?a) income statement accountsb) balance sheet accountsc) cash flow accountsd) temporary owner's equity accounts
Latest Answer: Income/Expense statement sheet Net Profit as the balancing item and this will be taken as Net Profit in Balance Sheet ...
what is basic accountancy
Latest Answer: accounting is a mean of measuring to the reporting of result of economic activitis accounting work is summrising cllsification recording. ...
breif idea of trail balance ?
Latest Answer: Trial balance is a statement to ensure arithmetical accuracy of the financial accounts prepared for a firm.. ...
what do you mean by rectification
Latest Answer: There are three types of errors possible.Error of commissionError of omission andError of principleIn error of commission, the right amount is posted in wrong account.Say I buy something from you so it is Goods a/c debit to cash account orYour account ...
what is golden rule of accounts
Latest Answer: Personal Account Rule:Debit the receiver Credit the giverReal Account Rule:Debit what comes in Credit what goes outNominal Account Rule:Debit all expenses and lossesCredit all incomes and gainsThese are the golden rules of accounts.According to double ...
In the invoice, the value of the tax code is not present but in the idoc the value of the tax code is present. How to populate it in the invoice using the IDOC.
Latest Answer: Accounts Payables & Bills Payable looks one and the same but the only difference here is Bill Payables talks about making payment to Vendors whereas Accounts payable deals with internal adjustments to Cost Centre & General Ledger Accounts.Eg: ...
Explain the meaning of mis?
Latest Answer: MIS (management information systems) is a general term for the computer systems in an enterprise that provide information about its business operations. Regards,Debora. ...
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