GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
- 0 Answers
- 1061 Views
- IBM, I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
i want to wearies heads under direct expenses and indirect expenses
in trading credit why does goods sent on consignment come?
reserve for doubtful debts is wich type of account?
what is thr differences between sales & sales invoice ?
What will be JV of if gets discount received from my vendors and as well as I allowed discount to my customer? What will be the journal entry in these both cases. Pls. give the answer, it's urgent.
what do you mean by the word Purchase
which date is effected in books related bank recancilation transaction date or value date?
what is MICR CODE AND BSR CODE HOW IT WAS DIFFERENT?
How does accounting contribute to the community?
what is cost price formula ????
IN ONE OF THE MAUNUFACTURING COMPANY, THE MANAGMENT WAS VERY MUCH INTERESTED TO INTRODUCE ERP(IT IS FOREIGN SOFTWARE)BASED ON SOME ATTRACTIVE FEATURES EXPLAINED BY THE ERP SOFT WARE COMPANY/AGENCY . THE ACCOUNTING STAFF ARE ALL CONVERCENT WITH TALLY ACCOUNTING PACKAGE(INDIAN ACCOUNTING METHOD). THEREFORE THEY WOULD LIKE TO KNOW THAT (I) WHAT ARE THE DIFFERENCE BETWEEN A TRIAL BALANCE FROM NORMAL TALLY ACCOUNTING AND ERP GENREATED TRIAL BALANCE (2) SINCE THE BOTH THE TRIAL BALANCE WILL BE HAVING DIFFEERENT DATAS HOW SOME ONE CAN MAKE A FINAL ACCOUNT SUCH AS TRADING A/C PROFIT & LOSS ACCOUNT AND BALANCE SHEET AS PER INDIAN COMPANIES ACT. THE TRIAL BALANCE AS PER ERP SHOW SOME COST OF PRODCUTION A/C, LABOUR/MATERIAL/VALUE VARIANCE A/C. SAY ALL THESE VARIANCE ARE CORRECT AND BASED ON THE ACTUAL TRANSACTION TAKEN PLACE, HOW SOMEONE CAN A FINAL ACCOUNT MEANT FOR INDIAN ACCOUNTING POLICY WHICH TO BE SUBMITTED TO VARIOUS GOVT BODIES? I AM TOTALLY CONFUSED
what are the voucher entries for depreciation in tally and when?
Audit 
