⟩ What is meant by balancing?
Balancing means equalizing debit and credit side totals in a T-account.
If there is a deficit on side that is, debit, or credit a suspense account is opened with the balancing figure.
Balancing means equalizing debit and credit side totals in a T-account.
If there is a deficit on side that is, debit, or credit a suspense account is opened with the balancing figure.
Explain the concept of responsibility accounting
What is meant by calendar maintenance?
What is customer account?
Tell us how much statistics knowledge is necessary or required in accounting?
What does financial statement of the company includes?
What are things will not be included in bank reconciliation statement?
Tell us have you ever prepared MIS reports and what are these?
Tell us what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Tell me what is fair value accounting?
Mention in simple terms what is the difference between Asset, equity, and liabilities?