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What is reversing journal entries

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Question -

Q1. List rules for debit and credit for different accounts to increase business accounts and list stages of double entry system. Elaborate.

Q2. What is reversing journal entries?

Q3. Where do generally accruals appear on the balance sheet?

Q4. Describe the difference between depreciation and amortization?

Q5. What is a normative theory?

Q6. Explain computerized accounting?

Q7. List things will not be included in a bank reconciliation statement?

Q8. Where to show TDS in the balance sheet?

Q9. When are revenues reported in the accounting period?

Q10. What is the key difference between inactive and dormant accounts?

Reference no: EM132906832

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