Interested to Buy Any Domain ? << Click Here >> for more details...
what is account opening and account closing??
- 10 Answers
- 13678 Views
- Royal Bank Of Scotland, I also Faced
- E-Mail Answers
Answer Posted / udaya bhaskar
Recording a Transaction of its own king/new person/new
party for the first time in your books is called account
opening and settling of the such transaction by way of
transfer/payment is called account closing. Account closed
would not appear in the balance sheet.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
How use Budget in SAP, i want to see the report of variant between budget and actuals.
What is the objective of the balance sheet?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
Accounting Questions
How do you classify errors in accounting?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
Tell us what inspired you to move to the next opportunity?
journal entry for goodwill and capital bought by a new partner?
Which forms in use in service Tax, Excise duty and Vat for the return.
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
What are time sheets?
Mention what does the investment of personal assets by the owner will do?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
