why closing balance do not come in trial balance?if it is
in which case it comes?
Answer Posted / rajesh
The trial balance is the summery of the varrious accounts
balances, while the Closing is not a balance but evaluate
for getting actual position of the year, Hence the closing
balance is not consider into trial balance . Whille for
information we can give seperate line in bottom of the
trial blalance.
| Is This Answer Correct ? | 19 Yes | 1 No |
Post New Answer View All Answers
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
define accounting,scope of account , types of account ?
What is Budgeted capital ?
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
How exchange rates are maintained in sap
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
What is meant by retiring Bill
what is the nature of bill receivable and consignmenta/c
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
what is mba tell me the more benefits in mba
plz send me the apptitude question papers of wipro
Short Answer on ______________House Rent allowance