journal,trading a/c nd profit&oss a/c, Accounting Basics

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Why to and by using in journal, trading a/c, p&l a/c and ledger?

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The following financial data were taken from the annual, Based on the finan...

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Explain the schedule of accounts payable, Schedule of Accounts Payable  ...

Schedule of Accounts Payable  Lists the balances of accounts payable ledger, and Accounts Payable controlling account demonstrates the total amount owed to ALL creditors. Th

History of accounng, application/realization in history of accounting

application/realization in history of accounting

Partnership act, If partners do not draw up a partnership agreement, the pr...

If partners do not draw up a partnership agreement, the provisions of the Partnership Act apply on which statement is true like a provision of the Partnership Act? A Interest on

Inventories and cost of goods sold, Inventory is habitually the largest and...

Inventory is habitually the largest and most important asset owned by a merchandising business. The inventory of some companies similar to car dealerships or jewellery stores may c

Starting inventory and net cost of purchases, Q. Starting inventory and net...

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What is procedure for testing after implementation as functional consultant? Ans) Testing involves a step by step check of several transactions configured in the SAP system.

Accounting for payroll employer taxes and reports, Accounting for payroll E...

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Explain inventory turnover ratio, Q. Explain Inventory turnover ratio? ...

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