Does every chart of accounts have beginning balance and ending balance?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
XYZ Co. had the following sales and accounts receivable balances, prior to any a...
Posted by:
Moataz Ali Sobhi
15-February-2015

Question added by Arshadulla Shariff
Date Posted: 2015/09/22

Upvote (0) Views (2) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Deleted user

sometimes, yes ... and sometimes No. In short70 % No

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

The following information was taken from Kay Company’s accounting records for the year ended December 31, 2012:
Top Answer: D).995000 Direct Material=430000=460000 Direct Cost=460000+200000=660000 Cost of Manufacturing=660000+300 ... See More

Answers (1)
From the followings only one of asset side of the balance sheet is in a proper order, rests are disorderly, please identify correct order ::::?
Top Answer: investments, fixed assets,current assets and loan advances See More

Answers (1)
The basic sequence in the accounting process can best be described as, please select one option from given below?
Top Answer: Transaction→source document→journal entry→ledger account→trial balance. ... See More

Answers (4)
As per IFRS standard what are ledger balances which included in Accounts Receivables? Is it only Balance from customers or anything more?
Top Answer: usually it means balacne owed by customers to the company.. other assets through which income is generate ... See More

Answers (11)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.