Should the Cash Discounts GL hit the Balance Sheet in SAP from US concept. If yes then why? Or If No, they why?Please explain how the entry flows and also how would you clear the Open item in cash discount GL and analyse the reason for the same.
Latest Answer : Equals net income minus all recognized changes in equity during a period ...
the person who has been in the mid career level as asst.mgr ,taking care of various function and porfolios of accounts department and expert knowledge in accounting concepts is said to be ab manager -accounts
Latest Answer : when we see their difference from broad organizational reviewthe function of accounts manager1. the approval of the accounting system utilization and calculated amounts in supportable documents ,for example in journal vouchers2. the approval of the newly ...
What is purchasing order?What is vendor?What is sarbanes-oxley act?what is debit and credit note?What is basic accounting principles?what is dual aspect concept?what is depreciation? and how many types and details?what is cash flow and funds flow?what is capital gain?
If i have paid for something why cant i expense the entire amount on the income statement?why do we need to make an adjustment to the insurance policy at the end of the year? wouldn't it have easier to record the entire balance as an expense in November when the policy was ?purchased?why do I need to take an inventory count of my supplies at the end of the year?If I receive the Hydro bill on August 5th, why don't we record the transaction for the next fiscal period rather then include
What is Back Flash Accounting and explain with an example
Latest Answer : When you report Finished goods production in the system, raw materials/packing materials/chemicals will be issued automatically by the system as per the Bill of materials specified in the system for that specific finished product ...
Latest Answer : A financial institution that sells shares to individuals and invests in securities issued by other companies is called fund & we can also define this as reserve of money set aside for some purpose is called fund A Prompt payment for goods or services ...
What is the meaning of Comprehensive Income
Cash budgets in the compnay must be prepared before the operating income budgets?Yes / No? Explain why
Cash budgets in the compnay must be prepared before the operating income budgets?Yes / No? Explain why
Explain about contralling accounts.Explain about Subisidiary Ledger.Explain about mixied accounts.
Latest Answer : Controling accounts are Sundry Debtors and Sundry CreditorsSub-Ledgers are Vendor accounts and Customer Accounts ...