Answer / dharmendra.ch(mancherial)

certain expenses/losess which are related to current
accounting period but the amount not shown, becaz they not
inccured in the current year. to get true profit the
company makes provisions

Answer / h.r. sreepada bhagi

In respect of some expenses for a financial period, bills
would not have come, actual calculations could not be done
(For some reason), payments not made and for any reason any
expense can not be accounted during that period, provision
needs to be created at the end of that financial period with
reasonable amount to prepare the Profit & Loss A/c for that
period as correct (Not accurate) as possible & show
relatively correct position in the period-end Balance Sheet.
It's according to accrual concept & matching (Revenue &
Cost) concept.

Answer / giridhar

1. complying with accrual concept;
2. To arrive Cost of goods sold accurately.

what is form No.32 in MCA?

5 Answers   AV Bistro Private Limited, Harit Path, Hero Mindmine Institute,

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How do you annalyse the Goodwill value of the Company ?? does the net worth value is the same as Goodwill value or wht ??

1 Answers   Wipro,

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give detail expansion about MIS Report?

5 Answers   Oriental Bank Of Commerce,

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what is holding companies accounts

4 Answers  

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is cs equivalent to post graduation course?

2 Answers  

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What is meaning of H - form?

11 Answers   Delta, Jindal,

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WHAT DO U MEAN BY DIVIDENDS. WHAT IS THE TYPE OF DIVIDEND AND IS THIS PROFIT OR INTREST?

10 Answers   Bank Of America,

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Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method

0 Answers  

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hat is the meaning of the capital ique,and hat is capital,and ahat is ique

0 Answers  

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Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?

0 Answers  

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I WANT TO DO THE CS AND THEREFORE I M WORKING HARD THE PREIOUS QUESTIONS WHICH I AM ASK TRY TO GIVE IT TIMMORROW IS POSSIBLE.

1 Answers   DELL,

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The stock investment and opening stock of a firm are Rs.500 and Rs.1000 respectively. Calculate its closing stock.

1 Answers  

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