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What must be done if a transaction increases the left side of the accounting equation?
Wiki User
∙ 7y ago
Correct the transaction so that the double entry also increases the right hand side of the accounting equation so that the equation (always) balances.
Wiki User
∙ 7y ago
Anonymous
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What kind of transaction can not be done in accounting?
All kinds of transactions, everything, can be done in accounting, however, by virtue of certain limitations, prescribed by statutes, etc., not all transactions need be or should be done in accounting.
Computerized accounting package?
Computerized accounting packages are those packages which perform all accounting transactions automatically and not each transaction or process is need to be done manually and all processes are automated due to which there is less chances of errors as all information is managed automatically.
When you are done reallocating a transaction how to you return to the transaction list?
click add button
How do you return to the transaction list when you are done reallocating a transaction?
click add button
The first thing which needs to be done in cost accounting is to do?
The first thing which needs to be done in cost accounting is to Calculate the selling price.
What kind of transaction can not be done in accounting?
All kinds of transactions, everything, can be done in accounting, however, by virtue of certain limitations, prescribed by statutes, etc., not all transactions need be or should be done in accounting.
What is an accounting organization?
Accounting is that system which help us for written the transection in systemeticaly way. accounting is the very useful system for remmedering the such transaction,with the help of accounting we know that what is the financial position of our company & firm. in the ancent time we done that kind transaction like exchanging the things between two parties without help of money but in that transaction we find some erorr in that transaction as follows-:(1) we have to need two parties in that transaction which parties are want to exchange their things with that party which thing they want . Accounting is very nescessary for recording their firm,company's transaction for knowing the financial position of the companyor firm . in accounting we have to follow the such rules for recording the such transaction in systemeticaly way as follows: (1) materaility concept (2) matching concept (3)money measurement concept (4) separate entity concept (5) accounting period concept
Computerized accounting package?
Computerized accounting packages are those packages which perform all accounting transactions automatically and not each transaction or process is need to be done manually and all processes are automated due to which there is less chances of errors as all information is managed automatically.
What is electronic accounting?
Electronic accounting is accounting that is not done in physical books, and ledgers that you can touch. Electronic accounting is done using software on a computer, or done online.
When you done reallocating a transaction how do you return to the transaction list?
click add button
When you are done reallocating a transaction how to you return to the transaction list?
click add button
How do you return to the transaction list when you are done reallocating a transaction?
click add button
When you are done reallocating a transaction how do return to the transaction list?
click add button
What is On us transaction?
The transaction done by a user of your Bank ATM on another Banks ATM Machine is called Remote on Us Transaction
What is remote on us transaction?
The transaction done by a user of your Bank ATM on another Banks ATM Machine is called Remote on Us Transaction
Energy of an object increases when what is done on the object?
When force is done on the object
The first thing which needs to be done in cost accounting is to do?
The first thing which needs to be done in cost accounting is to Calculate the selling price.
