What is General Ledger Reconciliation?

Rajesh

• May 17th, 2017

The general ledger is the main accounting record of the company. Consequently, general ledger reconciliation is the process of ensuring that accounts contained in the general ledger are correct.

VIRENDER KUMAR

• Apr 7th, 2017

General ledger account balances with other independent systems, statements, and reports, to verify that the balances are correct and accurate

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What is Accrue Income? Answer briefly

Bhaskar reddy KSR

• Dec 22nd, 2017

It is an income earned, but not yet received. (out standing income). say XYZ company earned interest on bank deposits Rs.1000 (October to Dec 2017 ) and Xyz company financial starts from Jan to Dec)...

Bhawna Sharma

• Mar 1st, 2017

Accrue income is a amount which is earned but not received.

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rama krishna, chirala

• Jul 26th, 2007

Generally accounting is the art of recording, clasyfing ,and summarising the business transactions. here the second one classifying which deals with the partitioning of activities in different groups

giri

• Mar 24th, 2006

Partitioning is nothing but grouping based on the cluster which is similar kind of response by a system..

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Rashmi_Nair

 Profile Answers by Rashmi_Nair Questions by Rashmi_Nair

• May 28th, 2008

An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a spec...

satya

• Aug 20th, 2006

Dormant accounts are those accounts in which there are transactions in the recent history(the stipulation may vary according to the company's rules).  InActive accounts are those accounts in which transactions are being made for long time.

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UshaRani.R

• Mar 1st, 2007

Timesheet is a record of workers working hours in a factory.It could be used to calculate the average hours - delays and avoidance caused due to break down of machinery,failure of electricity,time tak...

Viswanath

• Aug 28th, 2006

Timesheet is an approved document by a Authorised person of the particular Porject where employee is working , for the work done by the Concerned employee/consultant along with the descreption of work...

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balaganesh

 Profile Answers by balaganesh Questions by balaganesh

• Nov 7th, 2006

Transactions that take place after the closure of financial books, but before placing it in AGM.

prasanth

• Aug 14th, 2006

 Transactions which happened due to catastrophic events i.e unsual circumstance example: earthquake, flood, psunami etc are called extraordinary items.

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balaganesh

 Profile Answers by balaganesh Questions by balaganesh

• Nov 7th, 2006

1) Make the creditor, your debtor 2) For good creditor, give discounts & offers3) For bad creditor, inform your position of willingness but inability to sustain relationship keeping in mind our business position.

pankaj kumar mehta

• Oct 19th, 2006

credit control is done by two way one is with the help of govtanother is ,with the help by govt+central bank of a conturyfor e.g. change in bank rate,change in margin requirement of loan,change in cash reserve ratio ,change in liquidity ratio ,change in tax rate etc. 

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c7831887

 Profile Answers by c7831887 Questions by c7831887

• Jul 23rd, 2009

The charges, Interest and other fess debited by bank is called direct debit.  We have to pass entries accordingly after reconciliation based on the bank statement.

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Dr. English

• Oct 2nd, 2007

Are you asking an accounting question or an IT question?  Cash discounts flow through the income statement regardless of what software you are using.DE

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anuradha

• Jan 30th, 2007

Meaning of Accrual: Revenues and costs are accrued (gathered), that is recognised as they are earned or incurred (and not as money is received or paid) and recorded in the financial statements of the ...

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SONIA AGARWAL

• Feb 5th, 2007

Calender maintaince means update the sales , purchase and accounts records. Simply meaning is maintain the records monthly, quaterly, half yearly and yearly.

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Ramesh Sangameswaran

• Jun 11th, 2007

Service Tax is a form of indirect tax imposed on specified services called taxable services. Presently it covers 58 services.? service tax shall be paid by the service provider but?collected f...

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shailendra kumar

• Dec 28th, 2006

Generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated with specific projects or jobs

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vijay saxena

• Oct 24th, 2006

planning is future goals of any business aspect they can be categorised into three partsstratigical planning uses by top level management.(board of director, M.D for 5-10 yrs long)tactical planning us...

sajeev

• Oct 22nd, 2006

It is  a common question in interview, on the basis of cv Planning is a group work, so we find what work we done on the planning process. Every work is group work so we find what work we done in every part of Accounting

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vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Mar 22nd, 2009

Dear Friend,I work in a company engaged in capital market. Now your questions. What would you do if you did not have to work for a living? This is more or less a personal question and hence answer it ...

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malaikani rajamani

• Aug 10th, 2007

Actually reconciliation is much important in credit bound modern organization. this only shows exactly how, relally a company have in bank account. so, organization payment and investment policy purel...

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deepak3218

 Profile Answers by deepak3218 Questions by deepak3218

• Jan 16th, 2009

Account Voucher nothing but a proof of transaction made.? In future any problem will occurs then account voucher plays major support.

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Chandra Shekar

• Jun 17th, 2007

Premises is and Fixed Assed in the accounting sense which is shown in the balance sheet in final accounts Vat adjustment is  out put tax - input tax  the vat which is paid on purchase will be decucted from vat colledted from sales this adjustment is known as vat adjustment

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lvmWHAT

 Profile Answers by lvmWHAT Questions by lvmWHAT

• May 29th, 2008

i'm pretty sure, nick, you cant expense the ENTIRE AMOUNT on the income statement because HELLO DEPRECIATION.  and what is depreciation might you ask? well depreciation means that the lovely ...

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Who invented double entry system?

vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Oct 12th, 2008

It is not really known but the one who is credited for the same is LUCA DE BARGO PACIOLIhe was calss mate of Leonardo da Vinci.book Summa de arithmetica in 1494 was wrote by himThis book mentions doub...

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