Practical Questions on Trading Account with answers
Accounts - Cash Flow Analysis
Cash Flow Analysis. Tips and tricks to work on it and how to make solutions easier and simpler for your calculations. Check this out and apply it in your studies. An examination of a company's cash inflows and outflows during a specific period. The analysis begins with a starting balance and generates an ending balance after accounting for all cash receipts and paid expenses during the period. The cash flow analysis is often used for financial reporting purposes.
Accounts - Journal Entries
Some questions based on Journal Entries. What is a general journal entry in accounting? An accounting journal entry is the written record of a business transaction in a double entry accounting system. Every entry contains an equal debit and credit along with the names of the accounts, description of the transaction, and date of the business event.
Accounts - Final Accounts
FINAL ACCOUNTS, it is a somewhat archaic bookkeeping term that refers to the final trial balance at the end of an accounting period from which the financial statements are derived. This final trial balance includes all of the journal entries used to close the books, such as: Wage and payroll tax accruals.
Accounts - Accounting Cycle
Accounting Cycle The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. A very deep research is present in this PPT about the whole accounting cycle.
Case Study (Accounts)
In the social sciences and life sciences, a case study is a research method involving an up-close, in-depth, and detailed examination of a subject of study, as well as its related contextual conditions. Case studies can be produced by following a formal research method. So, here is the case of Varun limited which is related to final accounts. It shows usefulness of income statement and balance sheet.