Answer Posted / amit chaudhary
Journal Entry has a major one significance in Accounting.
Journal entries are basically used to classify two parties
or Dr and Cr. on the occassion of Transaction.
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
What is back value adjustment/correction in Nostro Reconciliations?
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
Explain Cash Basis of accounting
What exactly balance sheet depicts
Can u please give me example of bonds? is National savings certificate a Bond?
What are the things are not Included in Annual Reports?
what is dieerence between capital cpapital structure
What are Corporate Action?
What is meant by Nostro Reconciliation
Explain about Fluctuating Capital
Expand-------ANTS
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above