Answer Posted / m.akram
A sweep account is an account set up at a bank or other financial institution where the funds are automatically managed between a primary cash account and secondary investment accounts.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
The main financial accounting statements?
if you are a hard working nature conclude your self?
what is account reconcillation
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
How can you explain the basic accounting equation?
What is the difference between provision and reverse?
What is the difference between consigner and consignee?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
How many types of business transactions are there in accounting?
what are the main important accounting entries for AP and AR ...
What is difference between Cash Flow and fund flow