Interested to Buy Any Domain ? << Click Here >> for more details...
what is the accounting cycle
- 2 Answers
- 5877 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohammed abdul mohsin
Series of steps in recording an accounting event from the
time a transaction occurs to its reflection in the
financial statements; also called bookkeeping cycle. The
order of the steps in the accounting cycle are: recording
in the journal, posting to the ledger, preparing a trial
balance, and preparing the financial statements.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / nasir
A step by step work of recording transactions in the form of journal day by day, posting them to the ledger accounts, preparing a trial balance from all the ledger accounts and finally preparation of the Financial Statements............
| Is This Answer Correct ? | 1 Yes | 0 No |
what is accounting
WHAT IS GL RECONCILIATION? WHAT YOU DO IN GL RECONCILIATION?
what is internal audit?
Does anyone work for the CA state as an Auditor? I am a new college graduate and I need some tips on what questions I will be asked during the interview for the Auditor 1 position. Can anyone help?
when can we change the Depreciation Method? and what is the requirements.
What are non-cash impairment charges?
what is the entry of Salary Provision
How can manage (Recover and Reduce)NPA in Banking Sector?
what are the cost audit and management audit?
what are the types of audit programme?
comptroller auditor general of india functions
During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.
Audit 
