An accounting record that includes a list of accounts and their balances at a given time is called a trial balance.
Asset, Liability, and Capital Accounts that appear on the balance sheet. The balances of "real" accounts are not canceled out at the end of an accounting period but are carried over to the next period. Also called permanent accounts.
c. General Ledger
Statuatory Account are custom defined for a particular company if it is following its own accounting principles or a separate ledgers for its accounts then statuatory accounts will come in place where is regulatory accounts are regular accounts which is called as General Chart of Accounts which is already defined.
A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of recording, verifying, and reporting such information is called accounting
Steps that begin with analyzing source documents and conclude with the post closing trial balance are called the accounting cycle. The last step of getting back to zero is called closing the books.
Asset, Liability, and Capital Accounts that appear on the balance sheet. The balances of "real" accounts are not canceled out at the end of an accounting period but are carried over to the next period. Also called permanent accounts.
c. General Ledger
balance sheet
Statuatory Account are custom defined for a particular company if it is following its own accounting principles or a separate ledgers for its accounts then statuatory accounts will come in place where is regulatory accounts are regular accounts which is called as General Chart of Accounts which is already defined.
closing entries
closing entries
A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of recording, verifying, and reporting such information is called accounting
One can download a free household accounts software from a website called NCH Software. It allows a user to keep track of spending, monitor bank account balances, and categorize purchase transactions.
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
I think you meant to ask what is depreciation. This is the value given to the wearing out of assets in accounting term. When you buy an asset like a Car the value of it will always go down as you use it. In Accounting this is called depreciation and you have to provide for it when doing the accounts.
Steps that begin with analyzing source documents and conclude with the post closing trial balance are called the accounting cycle. The last step of getting back to zero is called closing the books.
AnswerTally is a financial accounting software package designed by Tally Solutions mainly for small businesses and shops. They claim on their website that Tally is used by over 2 million users, in over 90 countries. Tally 9.0 is the latest version to date. You can see more details on their website.Tally is a complete business accounting and inventory management software that provides various facilities like Govt. supported formats, multilingual operations, online functions and processing for small and medium businesses.