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Its Rs 1000/- for a savings account with cheque book....Rs 500/- for savings account without a cheque book !
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What are the key rules of ledger posting and balancing accounts?
it is based on dual aspects of accounting
Functions of accounting department in hotel?
The accounting department in the hotel is responsible for all accounts receivable and accounts payable. They are responsible for balancing the books and making sure everything passes audit.
What are the three accounting issues associated with accounts receivables?
Associated accounting issues include recognizing accounts receivable, valuing accounts receivable, and disposing of accounts receivable.
How does a fund accounting structure control government's expenses?
each type of financial activity is segregated into a separate set of self-balancing asset, liability, and net asset accounts
What are the accounts title in accounting?
There are different types of accounts in accounting. Some of these accounts are asset account, liability accounts, equity accounts, and operating expense accounts. There are many titles that coincide with these accounts.
What are the characteristics of final accounts?
Final accounts are closed accounts at the end of a period in accounting. Final accounts cannot be changed and represent the transactions in an accounting period.
What is the nature of accounts in accounting?
types of nature of accounts
What is the classifying process in accounting?
Classification in terms of accounting is when the company accounts are determined for the chart of accounts. This classification helps the accounting department to allocate costs, expenses, and revenue to the correct accounts within the accounting system to appropriately track them.
What has the author D M Egginton written?
D. M. Egginton has written: 'A Monte Carlo study of alternative approaches to balancing the national accounts' -- subject(s): Accounting, National income
What is an accounting cycle and how does it help in the accounting process?
ACCOUNTING CYCLE : An accounting cycle is a complete sequence beginning with the recording of the transactions and ending with the preparation of the final accounts.The sequential steps involved in an accounting cycle are as follows : 1.jounalizing,2.posting,3.balancing.4.trail balance,5.income statement(trading & profit & loss account to ascertain the profit or loss for the accounting period),6.position statement(balance sheet) ACCOUNTING PROCESS IS ALSO CALLED ACCOUNTING CYCLE. ACCOUNTING PROCESS : It consists of the following stages/helps : 1.recording of entries for all business transactions in journal. 2.posting of entries into ledger. 3.balancing of accounts. 4.preparing of trail balance with the help of different accounts to know the arithmetical accuracy. 5.preparing final accounts with the the help of trial balance.----trading & profit and loss account to know the profit or loss.-----balance sheet to know the financial position (of a company for year end or a period)
What are characteristics of final account?
Final accounts are closed accounts at the end of a period in accounting. Final accounts cannot be changed and represent the transactions in an accounting period.
What are the uses of control accounts?
they are used for self balancing
