 Related Questions Latest Answer : Adjusting entry need every end of month & end of year because The match priciple of accounting, that means expense have to match revenue,means the expenses or revenue has been occur but have not record need to be adjusted.Like wages accrual ... 1)invoice approval work flow2)invoice validations3)invoice accounting4)auto invoice in Accounts pay ables5)Legacy P.O's conversions6)legacy Invoice's conversions7)Autoaccounting,autocash rule set8)HOw many set of books attach to one legal entity9)many set of books attach to one operating unit10)Expense invoice11)Recurring Invoice12)Budget's13)After permanently closed period. in the same period how to pass transactions.14)we passed one invoice with 90 days payments term but we paid View Question | Asked by : devender Latest Answer : group coa isa corporate level glsbasically used at consolidation level these coa will be viewed by the directors of the corporate comapny with diffrent gl numbers otherthan operative coa and country spcific coa these gl nos should not be over laped ... 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, ... Read Answers (2) | Asked by : KH If 2 companies are there, they have maintained separate chart of accounts, how can you consolidate their activities? Read Answers (1) | Asked by : parasuram 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? Read Answers (2) | Asked by : Patrice If your Accounts receivable balance in the general ledger has a debit balance of $110 and your sub ledger has a debit balance of $100 what do you have to do Latest Answer : Enter the debit memo in the subledger or enter the adjustment in GL. ... As a sole trader you require a vehicle to trade and decide to lease the vehicle rather than purchase it, how would you account for it in the company accounts and what nominal would you use? Latest Answer : Vechicle a/c dr-FATo lease agreement a/c-Liabilitie lease a/cdr-indirect expTo cash/Bank-current assetsexpense off the payment of lease from th p&l a/c ...
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