Answer Posted / ram pratap singh
What is ledger balance
Every account has either dr. Balance or credit balance. If the total of dr.side is greater than cr. Side total it is said that it has dr. Balance or vice-e-versa. Assets and expenses or losses have debit balance whereas liabilities and income or gains have debit balances.
Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
Tell us what is icai?
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
Hey can any body tell me..What are negative assets?
Journalise- opened a saving a/c with S.B.I. ?
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
Tell me what is project implementation?
why i want to join Hawkins company
How you can adjust entries into account?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
How is the accounting for hire purchase transactions done?
What do we mean by purchase return in accounting?
What do you mean by ledger posting?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
MEANING OF RED HERRITING
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?