total assets are equal to total liabilities in final accounts ?why?


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

how will rectify the error in trial balance.

0 Answers  


What is an accounting transaction?

0 Answers  


Which company is coded in SENSEX ?

1 Answers  


What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me

0 Answers   TATA,


What is the nature of bank account: a) nominal b) real c) personal

29 Answers   IBM,






what is the simple definition of liquidity and equity.

1 Answers   Jammu and Kashmir Bank,


Can somebody please tell that what will be the accounting entry from auditor's point of view, If a company receive a bill of Rs. 12000 for AMC of Software for the period from 01.08.2014 to 01.08.2015. bill dated 01.05.2015, Can somebody please tell that what will be the accounting entry from auditor's point of view, If a company receive a bill of Rs. 12000 for AMC of Software for the period from 01.08.2014 to 01.08.2015. bill dated 01.05.2015, what will be entry pass in 01.05.2015 in tally

4 Answers   Nubis,


Sir I am taking the Salary Rs 18000/- the shown to me in Pay Roll Basis but not deduct any PF. Plz told me tha is the company liable to deduct my PF?

5 Answers  


An amount of $287 written off as a bad debt in a previous accounting period was received from photo services. How to pass the journal entry?

2 Answers  


In Ledger of Capital A/c what will be the entries for Drawings a/c?

2 Answers  


"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

0 Answers  


What the entry for Accumulated Deprecition??

5 Answers   Genpact, GI Security,


Categories