Answer Posted / bindu

In case of single entry system only one side of the entry
got posted.This system is almost all similar to cash/cheque
book register.For example assume opening balance as 10,000
debit.In case of payables this amount got decreased and
vice versa.This system used only by small organisation
where audit is not required.In case of errors, tracking
happens only through Bank Reconcilation statement.

Where as in case of double entry system for each and every
debit there should be credit with equal and opposite
amount.So tracking will be easier for each trasaction.

what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

2157

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what is organic profit? and how it is calculated?

2201

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how history is helpful for banking?

1973

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barwaha

1046

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what is meant by qurum

2456

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HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?

1907

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what is circuit filter?

1878

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how many types of practice accounts?

1962

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Short Answer on ______Budget

1900

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I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2476

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Expand---------SDRT?

1842

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what is mean by T and E cosept

2007

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Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe

3760

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how can i make configration relation with inflation in sap

1854

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Short Answer on ______Transaction

2066

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