 Related Questions 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. Read Answers (1) | Asked by : John Mathew Latest Answer : Personal accounts are those accounts which represents any person, artificaial person or they have their own entity like, bank, any authority orany person, real accounts are thiose account which counts all asstes of a firm like furniture and cash etc. ... Latest Answer : in business transactions which is a recent transaction .it is call dormat account ... Latest Answer : Hi Sagar
Your question is very good, in my opinion answer is Liabilities are credit and assets are debit side(Right Side), In Indian Accounting rules the performa is this. But US and UK use Assets on left side and liabilities in right. You can also ... Latest Answer : An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.A Dormant Account is a savings account showing ... 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 ... Latest Answer : If an amount incurred or accounted or paid to establish over a period of time of the business or for the business, these kind of accounts are treated as deferred account.Eg., An advertisement expenses incurred by an organisation etc., ... Read Answers (4) | Asked by : Atef Mikhael What would you do if you did not have to work for a living?Why is joining capital market company a critical step toward your short and long-term career goals? (250 words limit)Each of our applicants is unique. Describe how your backgrounds, values, education, trainings, activities, and/or leadership skills will enhance the experience of other capital market employee? Read Answers (1) | Asked by : donny Latest Answer : Account Voucher nothing but a proof of transaction made. In future any problem will occurs then account voucher plays major support. ... Read Answers (1) | Asked by : asha s nair What Account is Salary outstanding? Is it real, personnel or nominal account? Latest Answer : Outstanding Salary A/c is a Representative Personal Account as it represents a group of people to whom some amount of salary is payable. Similarly other outstanding and prepaid expenses also fall under the category of representative personal accounts. ... Read Answers (3) | Asked by : Sajith
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