Author: Arinjay Academy

Comparative Analysis

Comparative Analysis – The two methods generally used to calculate depreciation are Straight Line method and Written Down Value method. An organisation can use either

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Retiring of the Bill

Retiring of the Bill refers to the situation where the drawee upon whom the bill of exchange is drawn settles his account with the drawer

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Promissory Note

A promissory note is a signed document which contains a written guarantee or a promise to pay a specific amount to a specified individual at

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Searching of Errors

One of the main objectives of preparing trial balance is that it helps in searching of errors committed by an accountant while posting entries in

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Meaning of Trial Balance

The basic meaning of trial balance is a summary of debit and credit balances of all the ledger accounts maintained by the organization. The major

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