Money Saved is Money Earned
“Sitting on my head”, is an off-the-cuff way of complaining, which suggests stressing me out to harass to tease about something. Imagine, an individual who has agreed to try to do you a favor but he won’t be able to do it unless you are physically present in front of each other. You could not expect him to try to do your work if you tell him once and leave him so that he may do it when he gets time is called as ‘Sitting on someone’s head and make them…
Continue Reading.....
Debtors are having Debit balance. What is Debtors with Credit Balance? Well, it is possible while accounting. I haven’t seen this concept in MNC accounting. In India, the most preferred software is Tally Accounting. Accountants are finalizing the books with this type of balance. And also saw, books are getting audited. Debtors with Credit balance are presented on the Liability side in the Balance Sheet. The problem is because of Module based accounting is not in place. And the transactions are accounted for through Journal entry is possible. A normal…
Continue Reading.....
Creditors With Debit Balance! Yes, it is true. It can happen while accounting. I haven’t seen this concept in MNC accounting. In India, the most preferred software is Tally Accounting. Accountants are finalizing the books with this type of balance. And also saw, books are getting audited. Creditors with Debit balance are presented on the Assets side, under the head of Loans & Advances. The problem is because of Module based accounting is not in place. And an accounting of Vendor transactions through Journal Entry is possible. A normal person, who…
Continue Reading.....