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
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
what is your achievements?
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
Can anyone mail journal entries for me? my Mail id rukmini@live.in
please give me a last 10 years sbi clerk question and answer paper
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
please send me last 3 years question & solution
plz send me the accounting questions and answers of bank of america.
can i get exact salary of clerk in SBI. and i want to know about promotion details .....
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
we want all sbi previous questions papers in our e.mail krishna2043 on yahoo
plz send me hsbs finance questions asked in the interview ans appitude also
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
