what is account opening and account closing??
Answer Posted / sunil kumar
IF YOUR COMPANY IS NOT NEW AND IT IS RUNNIG FROM LAST YEAR.
END OF FINANCIAL YEAR BALANCE OF THE LEDGER IS CALLED
CLOSING BALACE AND NEXT FINANCIAL IT WILL CALLED OPENING
BALANCE.
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
what is core accounting?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
Tell us do you have any idea about service tax or excise?
WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
what is a state cheque? how it differes from stale cheque?
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
what is dmat charges?
how will rectify the error in trial balance.
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
What does the standard journal entry includes?
Define fair value accounting?
What is accounting ethics?
Under the accrual basis of accounting, when revenues are reported in the accounting period?