Answer / surendra

ledger balance mean dr. balance or cr. balance if the person
give extra amt so.cr. balance if the amt outstanding so. dr.
balance

Answer / 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.

Answer / aparna

All ledger have two balances one is debit balance when
debit side amount or total is greater than credit sides
total and the balance c/f to credit side and thus the
ledger matches both side total and vice versa All assect &
expenses & losses also debtors have debit balance and All
income ,creditors,gains have credit balances

3 dost 1 hotel me khana khne gye to unhone 75 rupye diye aur hotel ki malik ne unhe 5 rupaye wapas diya aur 2rupye water ne rakh diye aur une 1,1 rupye diye aur 1 rupya kha gya

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Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 4) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.

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what is average due date ?

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what are the tricks in posting trial balance ?

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Explain Sundry Debtors and Sundry Creditors.

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What is debit and credit?

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What is meant by Accounting Cycle....

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The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

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What is the journal entry for due salary

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