anybody can let me know the journal entries for401k? like it affects the BS or income statement?
Latest Answer: To record 401k transactions depends on whether you are recording the employee's portion or an employer's match:Employee: Debit Salaries & Wages (Income Statement), Credit 401k Payable (Balance Sheet). In other words, the employee's ...
Latest Answer: I think it is Application Management Services ...
What is the difference between Payments-Liquidation(Disbursements) & Dividend Warrants Liquidation? Both of these products comes under Cash Management services
Latest Answer: Finalization means making way to prepare TB & Balance Sheet. Check the balances of GL and Subledgers and pass the rectification entries where it is to be required. Trial balance should be tally with all GL & Subledgers balances. At the same time we have ...
How does it works? Where does it works? What is the journal entry for that. Where it comes in the final account?
Latest Answer: Accurual basis means recognising the expenses/income which is accrued to the period.But the actual expenditure is not paid.ie.,there is no outflow of cash.say for example rent for the month of march is paid in april but at year end closing the rent ...
In implimenting a project, what are the records we have to upload from non SAP system to SAP system particularly pertaining to accounts department
Latest Answer: An Indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party (B). Methods of indemnity:- a. Payment of cash b. ...
What are the steps to configure automatic clearing? suppose we have to pay a bunch of outstanding payments what is the procedure?
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