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baubisingh  

 Profile Answers by baubisingh Questions by baubisingh

• Member Since Nov-2010 | Nov 15th, 2010

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(A)asset side items are
1 cash in hand
2.cash at bank
3.debtor
4.land ,building
5.prepaid expenses
6. bills receivable

(B)liability side
1.capital
2.bank over draft
3.creditor
4.outstanding expenses
5.bills payable

Satyanarayana raju

• Jun 14th, 2015

Liabilities side:
Capital
Loans availed
Current liabilities
Duties and taxes
Provisions
Sundry Creditors
Assets side
Fixed assets
Current assets
investments
stock on hand
Cash and bank balances
Deposits
Loans and Advances (Asset)
Miscellaneous expenses(Asset)

Anil sharma

• Apr 9th, 2015

Asset side :
fixed assets
current asset and loan in advance
investment
misclinious exp.
p&l if debit bal.

Liability :
share capital
reserve and surplus
secured loan
unsecured loan
c.l and provision

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what is basic accountancy

harendra prasad

 Profile Answers by harendra prasad Questions by harendra prasad

• Jun 30th, 2008

  accounting is a mean of measuring to the  reporting of result of economic activitis accounting work is summrising cllsification recording.

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breif idea of trail balance ?

chinnaguntupalli

 Profile Answers by chinnaguntupalli Questions by chinnaguntupalli

• Sep 19th, 2009

Trial balance is a statement to ensure arithmetical accuracy of the financial accounts prepared for a firm..

kokkikumar

 Profile Answers by kokkikumar Questions by kokkikumar

• Aug 13th, 2008

Trail Balance is checking the mistakes like any entry errorIt should be show company finaical flowWe know the company balanceWe check customer credits and suppilers debits.

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what do you mean by rectification

vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Aug 31st, 2008

There are three types of errors possible.Error of commissionError of omission andError of principleIn error of commission, the right amount is posted in wrong account.Say I buy something from you so i...

Sweete

 Profile Answers by Sweete Questions by Sweete

• Jun 20th, 2008

If any errors are made in accounting like posting wrong amount, posting to wrong account, making partial entries or giving credit to the account instead of debit etc all these kind of errors are commi...

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What is golden rule of accounts

Aruneshwari naik

• Jul 15th, 2019

Golden Roles of Accounting:
1) Personal Account:
Debit the receiver
Credit the giver

2) Real account:
Debit what comes in
Credit what goes out

3) Nominal account:
Debit all expenses and losses
Credit all gains and income

Àkash Salve

• Apr 14th, 2019

Real Account-Credit what comes into the business and debit what goes out from the business
Nominal Account-Credit Income and gains and Debit Expenses and losses
Personal Account-Credit to giver and debit to receiver

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Sweete  

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• Member Since Jun-2008 | Jun 20th, 2008

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BRS - Bank Reconciliation Statement

A bank reconciliation statement is a statement prepared by organizations to reconcile the balance of cash at bank in a company's own records with the bank statement on a particular date.

The differences may arise because of the following reasons:
1. Cheques deposited into bank but not yet collected by bank
2. Cheques issued by the organization but not yet presented for payment
3. Cheques directly deposited by customers into the bank
4. Bank charges debited by bank
5. Interest credited or some receipts directly collected by bank based on org. request.
6. Some payments directly made by bank based on the organizations request.

So, the statement shows the reasons as what are the reasons for difference in balance.

Thanks,
Sweete

jani basha

 Profile Answers by jani basha Questions by jani basha

• Dec 3rd, 2008

Bank Reconsilation statement through which comparison of the pass book amounts with cash book amounts or equal the cash book amounts with pass book amount by some adjustments.That adjustments are some...

mmanivannanca

 Profile Answers by mmanivannanca Questions by mmanivannanca

• Jun 20th, 2008

Bank reconciliation is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to the balance of the bank statement

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