--%>

What is Casting

What is Casting in Accounting. What is its significance?

E

Expert

Verified

Casting: In Accounting, casting signifies to add up a column of figures. Whenever we make accounting data column in ms excel and with certain formula, we know its total, this will be the casting. We can as well each column's total's confirmation by crossing casting in which we add up the totals of numbers of columns to check whether they settle with gross total or not.

   Related Questions in Financial Accounting

  • Q : Types of secondary market trading

    Compare and contrast a variety of types of secondary market trading structures.

  • Q : Payment method-Buy pound or investing

    When you have visited the London, you have purchased a Jaguar for £35,000, which is payable within the three months. Enough cash is there at your bank in the New York City that pays 0.35% of interest per month, compounding monthly, to pay for car. Presently, spo

  • Q : Working capital what are the

    what are the disadvantages of having adequate working capital?

  • Q : Conversion and competitive effects of

    Discuss the conversion and competitive effects of exchange rate changes on the firm’s operating cash flow.

  • Q : Uniform costing benefits The uniform

    The uniform costing executed? It is beneficial for an organization?

  • Q : Use of balance of payments Why it would

    Why it would be useful to examine a balance of payments of the country data?

  • Q : Proceeds on disposal The following

    The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost

  • Q : Meaning of drawing What is the meaning

    What is the meaning of drawing in financial accounting?

  • Q : Benefits of investing through

    List the benefits of investing through the international mutual funds?

  • Q : Implement a user-defined matlab

    Your solution to the problem should be housed within a while loop, which allows the grader to test your solution repeatedly without having to re-execute the script, as shown in class. You should first display the purpose of the program, and then you should prompt the