What is the difference between costing and cost accounting?
What are the characteristic features of financial accounting?
What does an accurate trial balance suggest?
What are the purposes of maintaining control ledgers?
What are the columns of a journal?
what are the different types of expenditures considered for the purpose of accounting?
Explain purchase day book.
What is a ledger?
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?