Question

with single balance method prepare mr.zahid traders of 31 december 2017 of bank reconciliation statement (i) cash book balance is RS 200,000 (ii) not present check is RS 50,000 (iii) not added check is RS 34,000

Answer 1

Accounting is known as the language of business, and as such it benefits management in many ways. Accounting involves recording transactions and compiling them in reports. An important advantage of accounting information over other types of information is that it is based on numbers, measurable data.