Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / bharadwaj
similarly the two balance may differ because of goods in
transit.suppose the head office sent goods to the branch on
28th December but those goods were received by the branch
on 4th January.Head office must have debited the acccount
of branch in its books but therewill be no corresponding
credit to head office account in the books of branch. so on
the last day of accounting year 31st December the head
office will pass the following adjusting entry:
Goods in Trasit A/C dr
To Branch A/C
it is shown as an asset in the balance sheet
---------------------------------------
| Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
What is Hot Issue Income for Hedge Funds?
Is interest of a business unit Operating Expense or Non Operating Expense
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
what is difference between account and accounting
last date of tds deposit yearly,tds proforma challan
what is Sums on Finalization of Accounts?
what is exercise duty how to calculate that and how to update in tally
please send me some previous sbi clerical interview questions to my email id....
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?
what is absorbtion coasting?
What is account
wages posted twice what is the entry for that?
What three Specific Job Positions do you target from the Industry
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
