Described offset accounting?
Submitted by: AdministratorThe one reduces the gross amount of another account to derive a net balance. Accumulated depreciation, which is a contra account to fixed assets to obtain book value, is an example of an offset account.
Submitted by:
Submitted by:
Read Online Mergers & Acquisitions Job Interview Questions And Answers
Top Mergers & Acquisitions Questions
| ☺ | Described the meaning of invoice? |
| ☺ | Described provision and the Entry for Provision? |
| ☺ | Described premises in accounting sense? |
| ☺ | Described finalization accounts? |
| ☺ | Described the consistency concept in accounting? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
