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Vidhi Jain 8 years, 7 months ago

From the first entry. If it is balance or overdraft as per cash book so cash book will be changed and vice versa
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Vidhi Jain 8 years, 7 months ago

Record of transactions of a particular head at one place
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Ujjawal Gupta 8 years, 6 months ago

When we see from the side of business, Owner's capital is a liability for the firm. It is because the firm has to give back more or equal the amount contributed by the owner. So according to Business entity principle Owner and business are seperate.

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Naveen Sharma 8 years, 7 months ago

Casting (totaling) errors in a journal are called error of casting. Now, total of the column can be taken has less than the actual total or more than it. if the total made by us is less than the actual total then it is said to be short-casted or under-casted and if the total made by us is more than the actual total then it is said to be over-casted.

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Sparsh Goel 8 years, 7 months ago

Bank reconciliation statement
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Vidhi Jain 8 years, 7 months ago

Left side of account or receipt side of the account
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Ujjawal Gupta 8 years, 6 months ago

Drawing A/C....Dr.

To Bank/Cash A/C 

(Bank/cash depending on the situation given)

Vidhi Jain 8 years, 7 months ago

Drawings ac Dr. To bank ac
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Nancy Dahiya 8 years, 7 months ago

We will subtract amt. from B/P as liability and subtract same amount from cash or bank as mode of payment

Vidhi Jain 8 years, 7 months ago

Creditor's a/c Dr. To b/p a/c
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Aakash Vats 8 years, 7 months ago

Asset=capital + liability
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Abhishek Mishra 8 years, 7 months ago

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