The act of collecting and preserving the letters and documents of the temporary nature in a box in a loose position is known as box .....

The systematic process of collection and preservation of all letters and documents relating to a particular case is called misil .....

An index is a guide which helps in searching and finding out a particular topic in book, particular account in a ledger book, particular letter in the file and particular file in a filing cabinet. It is a means of arranging a large number of files .....

Indexing is a part of filing. Indexing can be regarded as the eye and sight of the filing system of an organization which shows the location and position of the particular information. The following points highlight the importance of indexing in .....

A report is a historical statement which presents performance, progress, achievements and problems of the organization. It is the formal statement prepared by an investigator or researcher on completing an investigation or research or inspection on .....

The way of arranging files in a drawer or cabinet on the basis of geographical regions is called geographical classification of filing. The following are the main disadvantages of geographical classification of filing: It is difficult to find the .....

The way of arranging files in a drawer or cabinet on the basis of geographical regions is called geographical classification of filing. The following are the main advantages of geographical classification of filing: It is simple to understand and .....

The way of arranging files in a drawer or cabinet on the basis of geographical regions is called geographical classification of .....

The way of arranging files in a drawer or cabinet according to the subject of the document is called subject classification of filing. The following are the main disadvantages of subjective classification of filing: It is difficult to locate the .....

The following are the main objectives of report: - To submit the information to the board and shareholders about the activities, challenges, performance, progress, achievements and problems of the organization. To present information to all the .....

The word bank is derived from the Italian word ‘Banco’ which means a place for keeping, lending and exchanging money. The bank is a financial institution, which deals with money. It accepts deposits from individuals and organizations and .....

The way of arranging files in a drawer or cabinet according to the subject of the document is called subjective classification of filing. The following are the main advantages of subjective classification of filing: It is easy to understand and .....

The way of arranging files in a drawer or cabinet according to the subject of the document is called subjective classification of .....

Report is a formal and reliable source of information. It is a strong basis for formulating plans and policies and taking administrative decisions. Since, report writing is a specialized job. The report writer requires expertise, skill and .....

The system of accounting maintained by the government offices to keep the systematic record of revenue and expenditures of all government offices is known as government accounting. It helps to maintain the proper record of government revenues and .....

The following are the main importance of monthly statement: Source of financial informationThe monthly statement provides various financial data & information for different purposes. It discloses the information about the budget release, budget .....

The way of filing under which the files of the individuals or organizations are arranged in the drawer in the numerical order as 1, 2, 3, 4, etc. is called numerical classification of filing. The following are the main disadvantages of numerical .....

The way of filing under which the files of the individuals or organizations are arranged in the drawer in the numerical order as 1, 2, 3, 4, etc. is called numerical classification of filing. The following are the main advantages of numerical .....

The way of filing under which the files of the individuals or organizations are arranged in the drawer in the numerical order as 1, 2, 3, 4, etc. is called numerical system of .....

The way of arranging files or folders with the name of correspondents in drawers or cabinets in alphabetical order is called alphabetical filing system.The following are the advantages of alphabetical filing: It is simple to understand and easy to .....

The way of arranging files or folders with the name of correspondents in drawers or cabinets in alphabetical order is called alphabetical .....

Under the double- entry system, the accounts are classified into three types as a personal account, real account, and nominal account. There are separate rules for debit and credit which are as follows: Personal accountA personal account is an .....

The following points should be considered while preparing journal voucher: - Each transaction must be prepared in a separate journal voucher. It should be prepared by following the principles of the double-entry book-keeping system. Dr. against the .....

All the operating level offices receive their budget from central level offices. Operaing level offices receive their budget in the form of revolving fund or monthly budget release. At the end of each month, the operating level offices should submit .....

The following points are to be considered while preparing a Bank Cash Book: First of all, journal voucher should be passed for each transaction. Only the cash transactions are to be posted into a Bank Cash Book chronologically. Those cash .....

Bank cash book is an important book to be maintained by operating level government offices. It is necessary to safeguard and control over cash in an effective manner The main importance and advantages of bank cash book for government offices are as .....

An index is a guide which helps in searching and finding out a particular topic in book, particular account in a ledger book, particular letter in the file and particular file in a filing .....

A report prepared by an organization or association to provide the information of activities performed during the particular year is known as an annual .....

A report prepared by a specific committee or commission to provide information about their finding, facts and suggestions after the completion of investigation and research is known as a committee .....

A report prepared by the government authority to prove the information of its plans and achievement for its own purpose or public knowledge is known as government .....

A report prepared by the students during or after the completion of a study on the basis of the investigation over a specific subject is known as an academic .....

A report prepared by an auditor to provide the information and facts revealed after the examination of books of accounts of an organization is known as an audit .....

A report is the formal statement prepared by an investigator or researcher on completing an investigation or research or inspection on an event or problem or subject including detailed explanations of facts, findings, conclusions and .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Opening stock 5,70,000 2. Purchase 3,30,000 3. Commission received 11,000 4. Depreciation 20,000 5. Sales .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Capital 2,10,000 2. Wages 70,000 3. Purchases 1,45,000 4. Bank balance 1,80,000 5. Opening stock 40,000 .....

The bank is a financial institution, which deals with money. It accepts deposits from individuals and organizations and grants loans to .....

Financial institution is a banking or non-banking institution established under the certain act to contribute for the economic development by collecting the funds & investing in various productive .....

Formulation and implementation of National Conservation policy to conserve different aspects of the earth like natural, biological, physical, social and cultural .....

The system of accounting maintained by the government offices to keep the systematic record of revenue and expenditures of all government offices is known as government .....

Any two importance of monthly statement are: Source of financial information Controlling over budget .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Sales 2,00,000 2. Sales return 60,000 3. Outstanding expenses 25,000 4. Furniture 80,000 5. Purchases .....

Solution: Trial Balance As on 31st Chaitra S. No. Heads of Account LF Debit balance Credit balance 1. Furniture 30,000 2. Sales 2,12,000 3. Purchases 2,50,000 4. Discount received 5,000 5. Debtors .....

The main objectives of monthly statement are as follows: To help to receive release order from the district treasury and comptroller office in time. To help to keep effective control on budget expenditures of each operating level offices. To help to .....

Monthly statements refers to those financial statements, which are prepared by the operating level offices on monthly basis to report its financial activities to the district treasury and comptroller office as well as central level .....

Generally, operating level offices prepare the following types of journal vouchers: Journal voucher for budget expenditure Journal voucher for advance transactions Journal voucher for miscellaneous transactions Journal voucher for the yearly closing .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Capital 2,50,000 2. Sales 3,30,000 3. Bank loan 20,000 4. Depreciation 10,000 5. Purchase 4,00,000 .....

Solution: Trial Balance As on 31st Ashadh S. No. Heads of Account LF Debit balance Credit balance 1. Capital 3,22,000 2. Sales 12,00,000 3. Machinery and Equipment 3,71,000 4. Purchases 9,70,000 5. Drawings .....

The accounting system is a statement of equality between the three basic elements of financial transactions which are assets, capital, and liabilities. Each and every financial transaction has a dual effect. However, the total of assets is always .....

Journal voucher is important document of government because it: Keeps the systematic record of financial transactions of government offices. Provides information of debit and credit aspects of each financial transactions. Acts as an evidence in the .....

The following are the main objectives of journal voucher: - To make systematic and permanent record of financial transactions of government offices in sequential order. To show debit and credit accounts of each financial transaction. To show .....