What is ‘Dual Control’ in Master Records?
Dual control, which means that every change made to an important field has to be confirmed by another person who is authorized to do so. The master data account is blocked from the payment run until the field change has been confirmed.
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Tell me how much statistics knowledge is necessary or required in accounting?
What is the meaning of Trial Blance?
5 Answers Accenture, Amit Enterprises, Laposs Hardware,
what is proviosion for bad debts and provision for bad and doubtfull debts
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Differentiate between consignor and consignee?
what are the different types of expenditures considered for the purpose of accounting?
Where is the reserve
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
what is journal entry for the credit sales and purchases
private placement
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
What is the Difference between Balance Sheet and Trail Balance ?