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Does The Salaries Payable Control account has underlying subsidiary ledger?
Type your answer here... True
How to solve the problem when general ledger and balance sheet can not tight?
every thing will not go to much with the amount of power each branch has
Why does your inventory valuation summary not match your general ledger balance in quickbooks?
The inventory valuation summary may not match the general ledger balance in QuickBooks due to several reasons, such as timing differences in recording transactions, discrepancies from manual adjustments, or inventory shrinkage not accounted for in the ledger. Additionally, errors in data entry or inventory count inaccuracies can contribute to the mismatch. It's essential to review transactions for any missing entries or corrections to reconcile the two balances accurately. Regular audits and reconciliations can help maintain alignment between inventory valuation and the general ledger.
Is salary an expense or expenditue?
Salaries is recorded as a debit entry in the wages account, so it is classed as an expense. Wages are recorded in the nominal ledger or ( general Ledger ) it is classed as a debit entry because the bank/cash book is credited think of debit as in and credit as out. If need any further information please ask. Andrew Swift
What are 5 types of subsidiary ledgers?
accounts receivable ledger, accounts payable ledger, notes receivable ledger, notes payable ledger and equipment subsidiary ledger
What is difference between Nominal Ledger general ledger?
General ledger is just another name given to nominal ledger. Nominal ledger is a ledger that maintains impersonal accounts like sale , purchase, capital etc.
How ar computers used in accounts?
In Financial Accounting the computer is invariably used in business to run the Bought (or Purchase) Ledger, the Sales Ledger and the Nominal Ledger. It might also run the Asset Register and calculate the asset depreciation. In Cost Accounting the computer will be used to calculate the manufacturing costs from a knowledge of the material, labour and overhead costs. Lastly the computer will usually be employed to calculate Wages and Salaries, and produce all the necessary paperwork and statistics.
What is Incoming Ledger?
What is in incoming ledger
What is another name for General Ledger?
Another name for the General Ledger is Nominal Ledger.
Why AP ledger requires a subsidiary ledger?
AP Ledger requires a subsidiary ledger to help keep the clutter down in the general ledger. The standard ledger can often fill up with a large amount of activity, making it difficult to handle.
What can extend the staff upwards or downwards?
Ledger lines can be used to extend the staff.
What is the example of subsidiary ledger?
subsidary ledger
