Answer Posted / maynk
Because trial balence is a balence/extract of every
ledger's balence ,each ledger having double effect which
goes to trial balence ,E.G for making payment one effect is
credit cash and dabit to party,every ledger with double
effect goes to only trial balence.
hence-closing stock is already included in
purchases+opening-Sales and each entry of three with double
effect shown in trial balence that is why closing stock is
not shown in trial balence.
| Is This Answer Correct ? | 17 Yes | 1 No |
Post New Answer View All Answers
What are the features of financial accounting?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Compare financial accounting and cost accounting.
Sir i want to ask that if the salary above 6500/- than also pf deduct.
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
What is an over accrual?
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
EXPLAIN EACH SECTION PROVISIONS ON TDS?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
What other careers are you considering?
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
What is customer account?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail