Answer Posted / kethura
If Trial balance is not tallying then we create suspense
account and we balance the amount either in debit balance
or credit balance.
| Is This Answer Correct ? | 23 Yes | 6 No |
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Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
Expand-------IETF
Why we reconcile our debtors? what steps we taken during reconciliation.
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
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