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How do you prepare customer accounts?
Rita
Which sequence correctly summarizes the accounting process?
1. Journalize transactions, Post to the accounts, Prepare a trial Balance. 2. Post to the accounts, Journalize transactions, Prepare a trial Balance. 3. Prepare a trial Balance, Journalize transaction, Post to the accounts
Why do businesses prepare control accounts?
don't know and what control of accounts do you need in a business
Independent branch accounts?
It is a branch which had able to prepare its own accounts on its books then we say that is an independent branch. Accounts prepared by it is technically called as independent branch accounts.
What data do you need to prepare an accounts receivable aging report?
Describe the data which will be used to prepare the account receivable aging report
The ledger that contains all accounts needed to prepare financial statements is the?
source document
How do you prepare final accounts?
Firstly we should prepare Trading A/C n profit n loss A/C and at last balance sheet of the company..
What documents should an elderly person prepare before their death?
The main document one will have to prepare before death will be one's "Will." After that, it is important to have documents that show proof you are the owner of bank accounts, health-spending accounts, and life-insurance and retirement funds.
What are the duties of the final accounts department in an organisation?
The finance department of a company is responsible for preparing final accounts. The prepare the Balance Sheets and the profit and loss account.
Which accounts is not closed during the closing procedure?
During the closing procedure, temporary accounts are closed to prepare them for the next accounting period. However, permanent accounts, such as assets, liabilities, and equity accounts, are not closed. These accounts carry their balances forward to the next period, reflecting the ongoing financial position of the business.
How do prepare accounts tours and travels agency in tally?
A travel agency is a company associated with tourism, whose trade is the intermediation, organization and execution of projects, plans and itineraries, preparation and sale of tourist products between its clients and certain travel provider.
What accounts will not be closed to income summary?
Accounts that will not be closed to the income summary include permanent or real accounts, such as assets, liabilities, and equity accounts. These accounts carry their balances into the next accounting period and are not reset to zero. In contrast, temporary or nominal accounts, like revenues and expenses, are closed to the income summary to prepare for the new accounting period.
