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Why does balance sheet balance?
balance sheet get balance due to the accounting principle Dual aspect. In it each and every transaction has debit and credit having equal amount. Debit the gains is equal to the Credit the losses. one of the gain is acquired then, there must be any losses. due to this principle it's getting balance.
What accounting assumption or principle is being violated if a company reports its corporate headquarters building at its fair value on the balance sheet?
historical cost
Why does the bank statement have to be reconciled with the bank balance in the cash book?
This is mainly done when your cashbook balance doesn't match with the statement balance. But some companiess also follow the principle for security sake. Also, if you are well aquainted with accounts, you would find that there are many mistakes even after which you may have the same balances in both the books. like there may be an error in bith the books of the same amount etc.
What are the Errors that effect a trial balance?
Errors of Omission Errors of Commission Reversal of Entries Errors of Principle Errors of Original Entry Compensating Error these errors can be fount by a trial balance Wrong Casting Posting to the Wrong Side Posting Wrong Amounts Double Posting in a Single Account Errors of Totalling and Balancing of Accounts in the Ledger
What is the difference between Actual balance and Available balance?
Actual balance is the real balance while avialable balance is the physical balance
What is the working principle of digital computer?
De Mogan's Principle
Which principle of the design is concerned with the even distribution of visual weight?
balance
What is the difference between a digital balance and a triple beam balance?
a digital balance tells how much weight something has as a triple beam balance tells how much mass something hashoped this helped!
What is the working principle of digital control system?
nothing
Instrument used to mesure mass?
Balance, usually a triple-beam balance or a digital balance
What principle does a operation of digital computer based on?
Counting, using the binary system. Logic 1 and 0 representing electric current on and off.
Difference between triple beam balance and digital balance?
A triple beam balance uses a set of three beams to determine Weight.A digital balance uses (generally) a strain gauge system to determine the Mass of a substance.
Function of Digital balance?
al dionysus amihan
What measurement does a digital balance use?
A digital balance can be used to measure the weight of different foods and spices. It can also be used to weigh letters.
Why does balance sheet balance?
balance sheet get balance due to the accounting principle Dual aspect. In it each and every transaction has debit and credit having equal amount. Debit the gains is equal to the Credit the losses. one of the gain is acquired then, there must be any losses. due to this principle it's getting balance.
What is the multimix principle?
The multimix principle is a guideline for combining foods from complementary food groups to assure nutritional balance.
What do you use to measure the mass of things?
You should use a top pan balance or a digital balance.
