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Explain financial accounting. What are its characteristic features?
What are the various systems of accounting? Explain them.
What do you mean by balancing of ledger account?
What are the reasons which cause pass book of the bank and your bank book not tally?
What is trial balance? What does an accurate trial balance suggest?
What are the important things to be remembered while preparing a bank reconciliation statement?
What are control ledgers? What are the purposes of maintaining it?
What do you mean by ledger posting?
What is journalizing? What are the columns of a journal?
List the type of transactions entered in journal proper.
Explain compound journal entry.
What is a ledger? What do you mean by ledger posting?
Explain miscellaneous expenditures & profit and loss account debit balance
How is the accounting for lease transactions done?
What are its characteristic features of financial accounting?
