Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / amit agrawal
Trial balance contains balances of all accounts that may
either be of capital nature or revenue nature and may
either having credit or debit balance. By which we can make
our financial statements by taking balances from trial
balance.
And as every transaction affects two accounts in double
entry system i.e. one is debit and other one is credit so
it reveals any arithmatical mistake in posting and
recording etc.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is the difference in accounting and marketing and what is so different about them?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
Tell us what is your proudest accomplishment?
What are the types of liabilities accounts?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
Tell me what is an over accrual?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
What are the major components of country's trade account?
Define retail banking?
