Self balancing ledger
This query is : Resolved
30 March 2009
Self balancing ledger is use for what?
31 March 2009
A system which makes use of control accounts so that each ledger will balance on its own. A control account in a subsidiary ledger will be mirrored with a control account in the General ledger.
31 March 2009
i agree with expert.
the use of Self balancing is ......
(i)deduction of error in debtors/ creditors A/c
(ii) Errors are localised.
(iii) It enables preparation of interim accounts without personal ledgers having to be balanced.
(iv) The figures of total debtors or creditors is readily available.
the use of Self balancing is ......
(i)deduction of error in debtors/ creditors A/c
(ii) Errors are localised.
(iii) It enables preparation of interim accounts without personal ledgers having to be balanced.
(iv) The figures of total debtors or creditors is readily available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- GST ON DAMAGED GOODS
- Agriculture income or business income
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
