0
What else can I help you with?
How to Change the currency in myob?
In paying supplier, I have entered the cash account wrongly in SGD instead of USD account. How to change the cash account to USD? The thing is, when I'm trying to change it to the cash account in USD, this account doesn't show. Only the USD exchange rate account is showing, and other asset/liab account as well except for the cash account in USD.
Trial balance is not a conclusive proof of the accuracy of the books of accountsExplain this statement?
The agreement of the two sides of the trail balances, though of prima facie test of arithmetical accuracy, is not a conclusive or absolute proof of the accuracy of the entries in the books of original entry and their postings to the ledger. In other words, the trial balance may agree without disclosing certain errors. The following classes of errors are not disclosed by the trial balance: 1. Errors of omission: When a transaction is not recorded at all or partially recorded in the book of original entry, both its debit and credit aspects would be omitted. The trail balance, therefore, is not affected. Similar results follow when one or more transactions are recorded twice in the subsidiary books. 2. Errors in the book(s) of original entry: The trial balance would not be affected it an entry is in a wrong book of original entry or entered in the proper subsidiary book but with a wrong amount. In both these cases, the debit and credit accounts are affected equally and thus will not disturb the agreement of the trail balance. Examples: (a) An item of credit sales wrongly entered in the purchases book. The item will have wrong debit and a corresponding wrong credit. (b) An items of credit purchases for Rs. 115 wrongly entered in the purchases book as Rs. 151. In this case both the purchases account and the account of the supplier are affected to the same extent. 3. Errors of commissions: Such errors consist of entries of the transactions in a wrong account of the same class. It means the posting of an item is made to the correct side (debit or credit) but of wrong account. e.g., debiting or crediting R.N. Tiwari's Account instead of A.N. Tiwari's Account. 4. Errors of Principle: An item of nominal account entered into a real account or vice versa. In such a case the amount received or spent is wrongly recorded in a wrong class of account. For example a sum of Rs.50 paid on the repairs of furniture is debited to furniture account and not repairs account The errors of principle do not affect the agreement of the trial balance because they are correctly recorded so far as the debit or credit of the wrong class of account is concerned. It would be noticed that such an error arises. Through lack of knowledge of principle of accountancy. 5. Compensatory errors: These errors, also called self-balancing or equalizing errors, do not affect the agreement of the trail balance because errors on one side of the ledger account are compensated by errors of the same amounts on the other side e.g., Praveen's account debited with Rs. 150 instead of Rs. 120 and Bindiya's account with Rs. 200 instead of Rs. 230. Compensating errors also arise when under-postings on one side are counter balanced by over-postings on the same side. e.g. Amitab's account credited with Rs. 500 instead of Rs. 600; Sanjeev's account credited with Rs. 60 instead of Rs.100 and Nirmal's account credited with Rs. 150 instead of Rs.110. Here the first error of under-credit of Rs. 100 is covered by second and third errors of over-credit of Rs. 60 and Rs. 40 respectively.
What is error of original entry and it example?
It means that the entries are posted to the opposite side in each account, and maybe the figures are also wrongly posted.
If someone deposits money into your bank account without you asking and then threatens to have you arrested for not returning it Is that theft?
Yes, this is classed as theft. There has been times where money has wrongly been deposited into certain accounts, and the account holder has spent the money and then been arrested for theft.
How many people answer questions wrongly on this website?
Some people decide to have a account just to be funny. I'm not quite sure but whoever does, is rude. no offevense to the people that do.
Where can you get a checking account if you have bad credit?
Chex Systems Bites is a great site for a listing of banks where you can open a checking account with bad credit. They also have information on how the Chex System works and give recommendations on different banks. You can find the website at http://chexsys.tripod.com/goodbanks.html. Many, if not most banks, do not check your credit for a simple checking account. What they do check is if you've defaulted on a checking account at another bank. If another bank has reported you (rightly or wrongly) you will have a hard time getting an account.
You deleted your user account wrongly and you want to restore it you tried several times via system restore but you lost all data saved on your desktop?
try again haha
You deleted your account wrongly and you want to restore it you try several times via windows system restore but your information on your desktop absolutely losed and you still have the problem?
Is this a yes or no question? Yes you still have a problem.
How is it possible that you make a payment and it doesn't appear that you have paid?
The mail could have been delayed. The payment could have been wrongly applied to a different account. Always pay by check, or obtain a receipt if you pay in cash.
Who was the north generals in fort Sumter?
There were no Generals in this tiny island-garrison. It was commanded by a Major Anderson, wrongly suspected of Confederate sympathies on account of his Kentucky birth. His orders came from Lincoln and General-in-Chief Winfield Scott.
Could you have been wrongly diagnosed with bipolar affective disorder type 2 instead you have high functioning autism?
Yes
How can one unblock a friend on Facebook?
If you would like to unblock someone from facebook, simply go to your account settings and click on a button that says "Blocking". Once clicked on, you can see a list of people or a person previously blocked and simply click unblock and you are done.
