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ALL EXPENSE ACCOUNTS ARE CLOSED OUT AND AMOUNT ID DEBITED OR CREDITED INTO CAPITAL ACCOUNT TO SETUP BOOKS FOR BEGINNING OF NEXT FISCAL YEAR.
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What is the procedure of closing a recurring deposit account?
visit the bank branch where you have the recurring deposit accountsubmit a request in writing to close your accountthe bank will process the request and pay you the money held in that account.A point to note is that, if you are closing your RD before maturity, the bank can charge you a penalty for doing so.
Why do entrepreneur need accounting information?
Entrepreneurs need to have accounting and financial information to determine the feasibility of their business. It is also important to know if what you are doing is profitable .
What is the difference between branch accounting and inter company accounting?
The process of keeping track of all transactions within a corporation is known as " branch accounting." Branch accounting is crucial since it allows you to see how much money your firm has and what they're doing with it. Branch accounting is also useful for calculating taxes because it may demonstrate where profits come from. Source Url: Norwayoffice.biz Intercompany accounting, on the other hand, deals with cross-border transactions between corporations. If Company A purchases goods from Company B in another country, for example, Company A would.
What are the entry level jobs in accounting?
There are a lot of area that you can look for work when you are doing a search for accounting jobs. You will want to search; accounting, entry-level, finance, tax, marketing, business and different sections like that.
What happens to the Accumulated Deficit of acquired company prior to acquisition date?
it depends on who is doing the accounting
What would you enjoy about doing in accounting position?
What would you enjoy about doing in accounting positionRead more: What_would_you_enjoy_about_doing_in_accounting_position
What does peachtee accounting software do?
Peachetee accounting software doing for maintaining all types of accounting records.
Did a BCA graduate get any job in accounting field?
yes BCA Graduate can get jobs in Accounting field by doing courses in Tally accounting and Industrial Accounting.
Cash accounting basis?
doing business in cash
What will be the job after doing accounting in MBA?
MBA with specialization in accounting have following jobsaccount managersfinancial managercost accountantfinanceinvestment advisory
What kind of job will an associates in accounting get?
You could get a clerical job in an accounting department - perhaps doing Accounts Payable or Payroll.
What is Difference between process control and product control?
Process control deals with the specific process algorithms, architecture, and mechanisms in engineering production to keep a specific output. Product control is used in banking at trade desks for doing accounting and reporting, monitoring, and maintaining the activities of trading portfolios.
What is the procedure of closing a recurring deposit account?
visit the bank branch where you have the recurring deposit accountsubmit a request in writing to close your accountthe bank will process the request and pay you the money held in that account.A point to note is that, if you are closing your RD before maturity, the bank can charge you a penalty for doing so.
What are most common guidelines to have accounting ethics?
Ethic in accounting refers to doing only those things you can admit to doing in public. If you wouldn't want your name to be associated with it, then you shouldn't do it because it is likely unethical.
What is the cheap way of doing an accounting software?
The cheapest way is free www.freeaccountingsoftware.net
Why do entrepreneur need accounting information?
Entrepreneurs need to have accounting and financial information to determine the feasibility of their business. It is also important to know if what you are doing is profitable .
What is the difference between branch accounting and inter company accounting?
The process of keeping track of all transactions within a corporation is known as " branch accounting." Branch accounting is crucial since it allows you to see how much money your firm has and what they're doing with it. Branch accounting is also useful for calculating taxes because it may demonstrate where profits come from. Source Url: Norwayoffice.biz Intercompany accounting, on the other hand, deals with cross-border transactions between corporations. If Company A purchases goods from Company B in another country, for example, Company A would.
