Interested to Buy Any Domain ? << Click Here >> for more details...
Defects of single entry system
- 1 Answers
- 12014 Views
- Mphasis, Outsource Partners International, I also Faced
- E-Mail Answers
Answer / sonali
This system does not track the assets and liabilities
account such as inventory, account receivable and account
payable.
It facilitates the calculation of income but not the
financial position. There is no direct linkage between the
income and the balancesheet.
Errors may go undetected and often are identified through
bank reconciliation statement
| Is This Answer Correct ? | 15 Yes | 1 No |
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Capital is asset of the company. But why does it appear in Liability side of the balance sheet.
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
what's accounts payable
5 Answers BPO, Genpact, Global Info Vision, ITI,
What is shadow balance?
what is revaluation of assets and liabilities?
why is interest on capital an expense....??
what are the rules and regulations of junior accountant
if an employee get 10000 per month what is his da,ta,pf,hra,it,esi percentage?
I need canara bank exmam model question papers. please send to this email id iyyam_vj@yahoo.com
What is POP?
what is current rates of tds ? how many form are used to deposit tds?
Audit 
