Answer / mallikarjuna

i thought u r asking trail balance techniqtrail balance
nothing but statement of various account at the particular
date. it's explain the what is the balance at the time of
closing account is on particular date or year ended.

Answer / pavan kumar

I think you are getting confustion reg trial balance, trial
balance shows the closing balances of all ledgers & group
of ledgers at the time of closing of the year ended.

Define balancing in accounting?

0 Answers  

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what is Cost of Goods Sold give example?

3 Answers   EDS,

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When tds is deducted from the payments to suppliers, how the Entry will appear in books of accounts in tally.

3 Answers  

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The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

0 Answers   BOCODOL,

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Define scrap value in accounting?

0 Answers  

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if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

0 Answers  

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What is the accounting treatment for goods taken from business for office use

2 Answers  

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recently watched film narret the story.

1 Answers   FactSet Systems, HCL, JPMorgan Chase,

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What is working capital...?

5 Answers   Ambuja, Capital IQ, FIS,

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what is the difference between backup and restore in tally software pls tell me friends?

2 Answers  

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Why do users of accounting information need accounting information?

0 Answers  

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As a Manufacturer we are paying service Tax on Inwards freight and the same amount we are taking as a credit against payment of Excise duty. So,Pls clarify how to pass JV

1 Answers  

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