Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


what is mean by preliminary balance sheet and how did
prepare the balance sheet

what is the meaning of single entry & double entry system



what is mean by preliminary balance sheet and how did prepare the balance sheet what is the mea..

Answer / sankaranarayanan

Preliminary expenses is an expenses which is incurred by the company before the registration of company, like legal charges, registering fees, etc, whatever the expenses which has been spent by the company to start the new company is called preliminary expenses, later it can be written-off.
It is shown on the assets side of the balance sheet in the last part.

Single Entry system is an incomplete system of recording the transactions, it has been mainly maintained by sole trader(small level business), it will affect only one side.

Double Entry system is an complete system of recording the transactions, there is a debit always there will be credit.

Is This Answer Correct ?    4 Yes 1 No

Post New Answer

More Accounting General Interview Questions

Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.

1 Answers  


The Lessee's right to recover the short working is related to

1 Answers   Websol,


Horizontal balance sheet versus Vertical balance sheet

0 Answers   HHA, Trident,


how much cash transaction to single transport company per day and also per year

0 Answers  


When Tds is applicable to deduct and wht is rate for different work panel?

0 Answers  


what is journal entry for "Interest allowed by bank" and where does it come in pass book??

6 Answers   Accenture,


is goods in transit will be liable for entry tax ?

0 Answers  


What are depreciation and amortization?

0 Answers  


what is financial year?what is the difference between accounting and financial year

1 Answers  


salary and rent entry with tds deduct

0 Answers   Matrix Adhesive Incorporation,


please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

0 Answers  


Who is Sundry Debtor and who is the sundry creditor ?

18 Answers   Finance, Home, Reliance,


Categories