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Ask QuestionPosted by Ritika Gupta 8 years, 6 months ago
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Posted by Hitesh Talreja 8 years, 6 months ago
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Sahdev Sharma 8 years, 6 months ago
Trial Balance :The trial balance is a report of every ledger account with a running balance for the time period selected. When transactions post to the ledger properly, your debit balances equal the credit balances, producing a net of zero. Use the trial balance report to ensure that your ledger is accurate or to identify necessary adjusting entries to correct account balances.
Accounts Omitted : The trial balance is not impacted by any account that has a zero balance. Accounts without a running balance are left out of the trial balance report to save space and confusion. When an account is adjusted to a zero balance after the adjusting entries are completed, remove it from the adjusted trial balance report.
Posted by Abhishek Sharma 8 years, 6 months ago
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Posted by Sourabh Ghosh 8 years, 6 months ago
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Manish Gandhi 8 years, 6 months ago
Trial balance is a statement containing ledger balances in it. Trial balance is prepared to find out mathematical accuracy of entries. It also need to prepare final accounts further.
Posted by Abhishek Nishad 8 years, 6 months ago
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Manish Gandhi 8 years, 6 months ago
In case we didn't enter this discount in our cash book, we should substract that discount in cash book while preparing BRS.
Posted by Vivek Singh 8 years, 6 months ago
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Posted by Sumit Singh 8 years, 6 months ago
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Vivek Singh 8 years, 6 months ago
Posted by Jatin Ramnani 8 years, 6 months ago
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Posted by Chander Thakur 8 years, 6 months ago
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Posted by Sunil Kumar 8 years, 6 months ago
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Posted by Rohan Kasana Kasana 8 years, 6 months ago
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Posted by V Dabhare 8 years, 6 months ago
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Sahdev Sharma 8 years, 6 months ago
Cash Memo is also a non-negotiable commercial instrument indicating, the cash has been received from the purchaser for the goods sold to him. It works as a proof of cash payment made. When the cash is received for the sold goods, no debit is raised against it. The cash memo contains the following description:
- Date
- Serial Number
- Name and address of supplier
- Name and address of buyer
- Unit price of goods
- Quantity
- Discount (if any, both for trade and cash discount)
- Tax (VAT or Service tax as the case may be)
- Total Amount Received
- Signature of the cashier.
Posted by Rose Garg 8 years, 6 months ago
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Posted by Mansi Dahiya 8 years, 6 months ago
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Manish Gandhi 8 years, 6 months ago
There will be no entry for retaining the bill.
Entry will be done for payment only.
Bank a/c Dr.
To Bill receivable a/c
Posted by Gagandeep Kaur 8 years, 6 months ago
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Posted by Vikas Maurya 8 years, 6 months ago
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Manish Gandhi 8 years, 6 months ago
When a producer or dealer buy material or goods for production or resale , this will called purchase.
Posted by Shrest Raj 8 years, 6 months ago
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Manish Gandhi 8 years, 6 months ago
Liability that was not actually arise , but likely to arise in future is contingent liability.
Posted by Saksham Kumar 8 years, 6 months ago
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Manish Gandhi 8 years, 6 months ago
BRS IS BANK RECONCILIATION STATEMENT. It is used to reconcile the balances of cash book and pass book .
So in order to match the balances we have to go through the transactions ommited or the errors while entering in both books.
And then make coorections by adding or substracting the error amounts.
Posted by Bulbul Mehra 8 years, 6 months ago
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Posted by Ashish Soni 8 years, 6 months ago
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Posted by Ayush Gupta 8 years, 6 months ago
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Posted by Vivek Ry 8 years, 6 months ago
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Posted by Saurabh Anant 8 years, 6 months ago
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Posted by Jahnvi Sharma 8 years, 6 months ago
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Posted by Gaurav Kumar 8 years, 6 months ago
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Ujjawal Gupta 8 years, 6 months ago
Means when Both debit as well as credit side of Trial balance, Ledger etc. matches, then debit=credit
Posted by Ishan Singhal 8 years, 6 months ago
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Posted by Rohit Tiwari 8 years, 6 months ago
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Nisha Bharti 8 years, 6 months ago
0Thank You