Interested to Buy Any Domain ? << Click Here >> for more details...
in accounting process there is summerizing.
what is sumarizing? and an relevant example of summarizing?
- 3 Answers
- 6841 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shishir
Summarizing in Accounting means preparing the Trial Balance.
Lets understand it. When a transaction takes place, we record it in the journal (known as RECORDING), and from there it is posted to the concerned ledger accounts (known as CLASSIFYING). The above process continues till the end of the financial year, at the end of which we BALANCE all the ledger accounts and bring the balances to one place (so we SUMMARIZE) called Trial Balance.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shailendra bisht
it is the process of accounting its come after data collecting
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sai pradeep
Accounting is collecting data from relavent source
| Is This Answer Correct ? | 0 Yes | 0 No |
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
Dividends are usually paid as a percentage of ______ (a) Authorized share capital (b) Net profit (c) Paid-up capital (d) Called-up capital
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
Do you know what is icai?
company office interior work payment paid by MD on his personal account what is entry in company accounts book & md personal a/c book?
what do you understand by appreciation and depreciation of fixed assets?
Key difference between indian accounting standards and international accounting standards is.
We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?
ADR
What is meant by Centeral Excise tax waht percentage its calculated
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
Audit 
