| All accrual entries are generally auto reversal entries. Validate the statement |
| Gain on sale of assets is nothing but the business income. Validate the statement |
| R2R is the heart of any accounting process. Functions like AP, AR,Payroll and T&E ultimately roll into R2R. Validate the statement |
| Human resources are treated as the resources of the business. If so, even these resources have to be shown in the Balance sheet. But in practice, they are not shown based on one accounting convention. Name the convention. |
| 1. Difference between Provision and Reserves |
| 2. Cash and accrual method of transaction meaning |
| 3. Why Retained earnings account is required |
| 4. Types of account and golden rules of it |
| 5. Detailed explanation of General ledger and subsidiary ledger |
| 6. Prepaid and accrual journal entries |
| 7. What is tanglible and intangible assets |
8. Depreciation on revaluation is done? |
| 9.what is Impairment of assets? |
| 10.What are the types of business transactions in accounting |
11.What is Chart of account?
One step for all 