Latest Answer : An operative accounts means an account for day-to-day operations of the business. ...
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 : 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 : BIILS RECEIVABLE IS AN CURRENT ASSET TO THE BUSINESS, WHEN V SELL TO ANY CUSTOMER IF HE CANT PAY THE AMT V GIVE HIM A DOCUMENT ASKING HIM TO PAYING WITHIN A SPECIIFIED TIME.EXAMPLE : MR.X SOLD GOODS TO MR.Y FOR RS.10000/- AND MR.Y IS NOT IN A POSITION ...
Latest Answer : Acounting is classyfying, ascertaing and summaring the transactions. ...
Why in the interview of accounts by a CA a candidate is asked that whether he knows to make the Reconciliation Statement?
How to prepare finalisation accounts?
Latest Answer : The final accounts are:Manufacturing Account,Trading Account,Profit And Loss Account,Profit and Loss Appropriation Account andBalance Sheet.The process of finalisation is something like this:Prepare a Trial BalanceSee whether it agrees or notIf it does ...
How does posting acctounts payable and receivable effect the general ledger?
Latest Answer : Once the posting is done, then the debtors/creditors ledgers are updated and the correct balance is reflected in the ledgers. ...
How to account for Letter of Credit in the Books of Accounts of the Company ?
Latest Answer : 1-Debit the account of the applicant with us and credit the bank of the beneficary with the equal money 2-Debit applicant account with us and credit the suspense account with us when the applicant pay for us. ...