Answer / krunal joshi

Practically, latter of credit is a document indicating creditworthyness of
importer to make payment to exporter wherein importer's bank gives a
guarantee to exporter that in case of any abnormality, if importer fails to
make payment then bank will do the same.
While in case of BG bank gives a guarantee to their client that in case of
non performance of the job by contractor, client can encash the BG
from bank. By are of 3types. Advance, security & performance.

What is the difference between Depreciation charged in P&L a/c and the Depreciation deducted from Assets' value in Balance Sheet, in an accounting period?

2 Answers   ABC, Thomson Reuters,

---

Expand---------RBTS

1 Answers  

---

The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry

0 Answers  

---

why is it called profit and loss account why not profit or loss account, ( u either get profit or loss )

13 Answers   Genpact, Symbiosis,

---

what is the capitla expenditure & revenue expenditure give the 5 difference between capital & revenue expenditure and also its example?

1 Answers  

---

---

If a software is being purchased which can be used at its own for the purpose of implementation of computerisation of various customer accounting system. then what will be the treatment for the same in accounts ??? whether it will be considered as intangible assets or inventory?

1 Answers  

---

what will be the entry if advertisement suspence a/c is on asset side of balance sheet?

4 Answers   Capital IQ,

---

what is difference between provision and reserve ?

3 Answers  

---

Is there any classification of direct and indirect expenses in peach tree? then why?

1 Answers  

---

what is the gernal vocher ?

3 Answers   PWC,

---

what can increase gearing?

0 Answers  

---

Any one give some questions and answers . B.R.S, and tally9.0

2 Answers  

---