 Related Questions Latest Answer : Generally accounting is the art of recording, clasyfing ,and summarising the business transactions. here the second one classifying which deals with the partitioning of activities in different groups ... What is meant by the followingInterest accrualInterest bookingInterest Application on the month endInterest Application for the broken periodOverdue interest Unredeemed interestClosures and Premature Closures of the accounts Latest Answer : Meaning of Accrual: Revenues and costs are accrued (gathered), that is recognised as they are earned or incurred (and not as money is received or paid) and recorded in the financial statements of the periods to which they relate. Accrual basis of accounting ... Latest Answer : calender maintaince means update the sales , purchase and accounts records. Simply meaning is maintain the records monthly, quaterly, half yearly and yearly. ... Latest Answer : The word "Turnover" has many meanings.For a trader/manufacturer/service provider it means total sales (cash+credit).While when a bank gives loan to any person or company they see the turnover.Here the turnover generally refers to the total credits ... Latest Answer : The balancing, in strict sense, means tallying both the sides of any account and carrying forward balancing figure.In double entry book keeping system the books are supposed to tally automatically. But they may not tally. This can happen because of following ... Bridge loan means temporary finance provided to the company to finish of the project after that the company needsto repay the loan. Latest Answer : A bridge loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained. ... Read Answers (2) | Asked by : kadirirakesh What is meant by reserves? Latest Answer : The word reserves is always used along with Surpluses.Surplus means any trading/business surplus in any financial year. While reserve means money kept aside for specific purpose.Example: General Reseve (kept aside for general contingency purpose)Debenture ... Read Answers (3) | Asked by : rukesh What is meant by MIS-Monthly?What is meant by Form 16A ? Latest Answer : The word MIS means Management Information System it is an comprehensive statement differs from Industry to Indsutry or Organisation to Oraganaisation in general contex Montlhy MIS of any concern aims at activities taken in a month(duration differs from ...
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