The Full Form of AMD is Advanced Micro Devices. Advanced Micro Devices, located in Santa Clara County, California, is an American Multinational... View Article
The full form of AES is Advanced Encryption Standard. AES is a specification used to encrypt and protect electronic data. It is a symmetric... View Article
The Graded Response Action Plan (GRAP) was notified by the Environment Ministry in January 2017 as a response to the severe pollution experienced... View Article
The features of a ledger account are as follows: It follows the double entry system. It is known as the principal book of entry. It helps in... View Article
The debit balances are placed on the left column of a trial balance. Also read: How to Prepare Trial Balance Income and Expenditure Account... View Article
A balance sheet can be balanced by comparing total assets with the total liabilities and shareholder’s equity. In other words a balance... View Article
Ledger accounts are necessary to be balanced as it is required to find out the differences between debits and credits at the end of an accounting... View Article
Balancing of account refers to the practice of totalling the debits and credits side of an account and providing a balance at the end of the... View Article
The following are the limitations of incomplete records: a) Trial balance cannot be prepared as the double entry system is not followed.... View Article
No, abnormal costs cannot be controlled or in other words, abnormal costs are uncontrollable. Also read: Abnormal Loss Balance Sheet Vs... View Article
Prepaid expenses are those expenses for which an amount has been paid in advance for a good or service, even before receiving the service. Also... View Article
Unpaid salary is regarded as an outstanding expense. The journal entry for unpaid salary or salary outstanding is as follows: Salary A/c Dr. To... View Article
