Answer / yathursy

closing balance of the current year will be the opening
balance of the upcoming or the next year thus closing
balance will not reflect on the trial balance

Answer / sumitra.raghavan

closing stock are not shown in trail balnc becoz its adjusted
wid purchase

What is a Prepayment and Explain the accounting entries

0 Answers   Accenture,

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You own 50 shares of reliance indu. On 30th Jan 2013 Reliance indu.delcared a dividend fo rs 4 per share. The proceeds were credited to your bank account on 25th March 2013. Payment fo dividend was subject to a withholding tax 2%. Please pass the necessary journal entries in your books of accounts for the period Jan and March 2013.

0 Answers   AXA Business Services,

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REPORATE

2 Answers   Bank Of America,

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

0 Answers   College School Exams Tests,

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Tell us what is a cpa?

0 Answers  

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Explain which account is responsible for interest payable?

0 Answers  

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My question is why we debit the input tax, and cradit the output tax. wt is the logic and wt is the principal behind it adil khan( CA STUDENT)

2 Answers   Asia Transport,

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entry of salary after deducting esi and pf

2 Answers   Fiat,

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if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

0 Answers  

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What is account payee cheque? Expand ctc cheque?

0 Answers  

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What are the characteristic features of financial accounting?

0 Answers  

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Explain me what is important to effective market analysis?

0 Answers  

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