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, ...
Latest Answer: Single Entry is an incomplete record of book keeping Whereas Duble Entry is an complete record of book keeping. ...
Latest Answer: period to date for ex - can be same as YTD if period = 1 yearquarter to date for ex - 1st qtr of calender year - Jan,Feb,Mar, All financial items (revenue+expenses) Jan-Feb is QTD Febyear to date for ex - if fiscal year Jan-Dec - all financial items (revenue ...
Latest Answer: Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling the terms and conditions of the letter of credit by ...
After completing Sob, how it is assigned to organisation , how legal entities are then made and then how operating units are connected.
Latest Answer: when two or more than two companys merged together and form one company that is called as consolidation ...
Latest Answer: First of all Land is a fixed asset. Like all fixed asset we dont depreciate on land as we do on other fixed asset like building, or vehical. Its because all the other asset we use and depreciate is likely to have a total year of life time or total number ...
Latest Answer: Flow in General ledger:1 Define value sets : setup--> financials--> flexfield--> key--> validation--> sets.2.Define accounting flexfield(key flexfield) : setup--> financials--> flexfield--> key--> segment ...
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