Answer Posted / lakshminaryanan
Journal Entry means recording of Transactions which will
effect the Books.
Journals entries can be passed only for non-cash items.
Bank Entries should not passed through JEs(Of course, in
ERP environment, it is possible)
This used to rectify the errors happened in one account to
other,
Closing Entries will be passed through JEs
Journal Entries are the one which will also be the deciding
factor for Profit Loss Account.
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
how pass journal entry in the month ending for input vat and out put vat
what is share application money pending allotment?
what is dmat charges?
What are trade bills?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
What is the difference in accounting and marketing?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
Tell me what is your track record for consistently achieving your targets?
What is the difference between consigner and consignee?
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
Apportionment of expenses