Interested to Buy Any Domain ? << Click Here >> for more details...
What do you mean by Rollforward and open item in Accounts
Reconciliation?
- 1 Answers
- 16267 Views
- I also Faced
- E-Mail Answers
Answer / lxmi1972
In Account Reconciliation, opening balance and closing will
be tied up by way of showing reconciling items.In the other
way,it cn also be said that the movement of transactions
for a particular months will be tied up with the closing
balance shown in GL.
However, Rollforward is nothing but the open items which
are carried over from the previous month(s)which need to be
analysed and set right. On the other hand, Open items are
the items which are found in the current reconciliation for
which the reason to be ascertained and resolved.
| Is This Answer Correct ? | 5 Yes | 1 No |
What is absorption costing with defination? and what is marginal costin with defination?
When a business man take his net profit from his firm, how will make the entry in cash book?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
Explain what is balance sheet?
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
Do you think there is any difference between inactive and dormant accounts?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
Tell me what would you say are the most important qualities of an account manager?
What information do you require before you approve an invoice for payment?
Explain have you ever heard about tds, what it is?
hello friends i like to know journal entry for one loan transaction ie if you purchase a car for EMI with initial payment how to make first entry & monthly entry any thing is there? pls reply to me.
Audit 
