what is monthly closings.
Answer / ratnesh shukla
in the fileds of accounting all the transaction take place
during the 1st day of month and ending the 30th or 31st
last day of the month accounts are closing and posting them
to their revelent or respective account.
for e.g.like petty cash expness day to day expness are
maintained and at the end of the month balance are positng
to cash account.
whether it is purchase day book or sales book or purchase
return book or sales return book peridically or monthly
posting to respective account.
Is This Answer Correct ? | 13 Yes | 3 No |
What Is audit ? Explain the inventory audit
What would be treatment of insuance claim received when vehicle is damaged and related exp. is already debited to Repair and Main. A/c
If there is a partnership firm, can we give more than Rs. 20,000/-cash in a single day to partner?
What are the essential of internal audit?
what is a contra entry how it is passed in journal and cashbook?
How to involve people in audit?
if accountant miss the journal entry of outstanding expenses. since its is a error of omission it cannot affect the Trial Balance how we auditor find it out.
What is a deffered revenue & deffered expenses ? what is a means of accured revenue & accured expenses? before & after
2 Answers Renault Nissan, TATA,
what is the entry for accrual expense and accrual income. And how they are treated. Thanks.
Define decommission liability?
what is statutaru audit??
How do i know wheather Tds deducated from Inv.or Not?(eg.If someone printing a banner for our office for Advertisement & he issue a Tax Invoice for the same. If Tds is deducted - then why & if tds is not deducted then why
3 Answers ABC, Infoline, spykar, SVS,