Answer Posted / maynk
Because trial balence is a balence/extract of every
ledger's balence ,each ledger having double effect which
goes to trial balence ,E.G for making payment one effect is
credit cash and dabit to party,every ledger with double
effect goes to only trial balence.
hence-closing stock is already included in
purchases+opening-Sales and each entry of three with double
effect shown in trial balence that is why closing stock is
not shown in trial balence.
Is This Answer Correct ? | 17 Yes | 1 No |
Post New Answer View All Answers
What is meant by balancing?
what is the new rate of c.s.t in uttraklhand
What is the importance of accounting standards?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
Recent banking question for 2015 interview for scale2 exam of sbm
what are doucement required under registration of properity firm. give the answer breif
Tell me why some asset accounts have a credit balance?
Tell us how can you define departmental accounting?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
non cash or bank income or expense
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
what is the meaning of written-off as goodwill written-off
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
Can you name any other accounting application?