Latest Answer: Captial A/c , Drawings a/c , Fixed assets purchasing and so on. According to the double entry system each transaction have two side debit and credit. there are some transaction satisfied with balance sheet items. For ex, advance given to manager for travelling. ...
What is the effect of not reconciling the expense accounts?If there is a credit adjustment in the expense account with no supporting documentations, what is the financial statement impact?
What is your Future Plans for the Company if Permanently Employed?What three Specific Job Positions do you target from the COMPANY?
Latest Answer: t/code ob53, give COA and then type X or Y in pl account head and then give the account number in the acoount head.... this u can create prior to the creation of the account group reserve and surplus as well as after creating the account group ..... ...
Latest Answer: Fiscal Year means the financial year .In india it is April to march. In singapore it is July to june. In hongkong it is Jan to dec. Normal year is nothing but english calendar year jan to dec. If the company operating more than countries and it faces ...
What is the difference between direct expenses and indirect expensesWhat is the difference in direct income and indirect income. Explain with example.
Latest Answer: GL Reconciliations are list of items that make up a GL account. For example, list of current unreversed accruals in a Sundry Creditors Balance sheet account. The items in Reconciliation should be identified and regularly monitored on a monthly basis to ...
If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities?
Latest Answer: Nominal a/c is related with expense/losses & income/gain where real a/c is with asset (cash,building,goodwill etc)/accounts of properties/ possessions of the buisnessman. And personal a/c's are account of individuals, firms, ltd companies, local authorities, ...
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