what is opening balance?

Answer Posted / eshajain

closing balance of previous year will be opening balance of
current year.

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1064


what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?

5987


what is the difference you can make by doing your course in the country of your choice

1741


what is the difference you can make by doing your course in the country of your choice

1929


i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.

1347






How to involve people in audit?

712


May deduct TDS Froma reseller ?

1735


What are the importance of internal audit to the organization?

647


Explain the purpose of meeting in audit?

673


How I can evaluate the internal control audit?

738


How would you describe your management style

1820


what is the steel consumption per sq ft for ground plus 12 floors

1101


What are objectives of internal audit?

715


What are the basic principles of an internal audit controlsystem?

706


What are the different advantages and disadvantages of internal audit?

658