Answer / rajan singh

A journal entry made at the end of the accounting period.
The closing entry is used to transfer data in the temporary
accounts to the permanent balance sheet or income statement
accounts.

Answer / sumitra

at the end of accounting period we pass closing entries in journal proper..such as transferring gross profit to p/l account etc

I have faced so many interview in top compinies and I have been asked, why are looking for change or why you want to leave your current employer or give the reason to leave the current company. So could you please advice what should be answer on these question, as i have been rejected so many time due these question.

4 Answers   Accenture, CIO Review,

---

we paid bonus how to treat entry and what is the debit and credit

4 Answers  

---

How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500

2 Answers   Consortexe,

---

Is it mandatory for the employees staff of a School, if so give details

0 Answers   TATA,

---

We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?

1 Answers  

---

---

What are the criteria for accounting job?

0 Answers  

---

Can anyone clearly explain difference between assessment year and financial year?

3 Answers  

---

Define social responsibility accounting

0 Answers  

---

what is the meaning of networking capital

2 Answers  

---

types of account

1 Answers  

---

how to account salary advanced from petty cash

1 Answers  

---

Why don't calculate the depreciation on Land & Devlopment.? Explain.

5 Answers  

---