Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / pravin kamble
For a new company / individual, if he opens his account in
bank on 1st Jan 2010 agreed to closed his books of accounts
on 31st Jan 2010, in this criteris, the balance which is
appearing in bank statement at the end 1st Jan 2010 is his
opening balance for the month & on 31st Jan 2010 the total
remains (after calculating all the debits & credits which
he had received in his bank) is his closing balance.
But if he continues his account for next few months so the
closing balance of his account at the end of agreed period
will be (it has to be) opening balance for the next month.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Short Answer on __________Leverage
Short Answer on ___________Cash Profit
Name some errors which can be detected by Trial Balance
What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?
how standard costing techniques are applied in manufacturing sectors
my qustion is what is H foam and where use
shares journal entries
How can a company reduce profit
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
what is an advance against expenses
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
what is corporate accounting?
EXPAND___________NBW
What is Risk Assessment?
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
