Rectification Of Double-Sided Errors – 22 Cases
Cheque for ₹ 5,800 received from Arzoo in full settlement of her account of ₹ 6,000, was…
Rectification of Errors
Accountancy
Accountancy category includes posts relating to Accountancy of Class 11 and Class 12.
Rectification of Errors
Effect of Rectification of Errors
If the rectification involves Debit to a Nominal account: It will increase/decrease Profit/Loss.
Ledger, Trial Balance and BRS
Ledger
In case the debit side total is more than the credit side total, the difference is written on the…
Ledger, Trial Balance and BRS
Trial Balance
Trial Balance is the summary statement containing the Ledger Balances, where the total of Debit and Credit balances…
Ledger, Trial Balance and BRS
Bank Reconciliation Statement
Bank Reconciliation Statement is a statement that shows the reasons of difference between the …
Ledger, Trial Balance and BRS
Preparing BRS by Debit Credit Method | 23 Entries in BRS
Calculate the difference of both the sides and put that amount on the side having short total…
Recording of Transactions
Balance Sheet Equation
Balance Sheet Equation also known as Accounting Equation is the basis of Double Entry System of…
Recording of Transactions
Application of Rules of Debit and Credit – 35 Cases
A student can use any method for rules of Double entry, Basic Book Keeping method or Balance Sheet Equation method.
Recording of Transactions
Vouchers in Accounting
When there is no documentary for any items, voucher may be prepared showing the necessary details and got approved by appropriate authority within the firm.
Recording of Transactions
Journal | 40 Journal Entries You Must Know
Journal is the book of original entry in which the transactions are entered for the first time from the source documents,