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What is the type of principal for CLOSING STOCK. and why we show closing stock two time that is once in trading account and another time in assets. if closing stock is Real account than what about showing in trading account as we dont show real account type in trading account. thanks
6 18340i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
1910Your grandfather is 75 years old. He has total saving of Rs. 80000. He expects that he live for another 10 years and will like to spend his saving by them. He placed his saving into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occuring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
2 5298what are the accounting standards prevailed now in India. Give a short description about each of them
ICAI,
2 6490FIC and Spadana spoorty companies had no time sense, so guyes plz dont go and attend for interviews i these compnies
2 4724HOW TO POST THE GENERAL ENTRY OF DEPRECIATION ON FURNITURE IN ACCOUNTING SOFTWARE FOCUS
DELL,
1 8029I am going to take interview of some candidate for the position of Accountant. Therefore, I want to know what type of question I shall be ask to the candidates. Please suggest.
1 4063Please tell me entry for following bill. Goods 500 Disc- 10% 50 ---------------- Bill Amt 450
8 9137please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
1998Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?
2 3741Post New Accounting General Questions
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
Tell me which accounting application you prefer most and why?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
What is vat adjustment?
How to pass workscontract sale invoice which includes WCT & VAT.
How do I charge bank charges on payments to clients
what is mean by sample account and data transfer rule in SAP FI?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
Explain have you ever heard about tds, what it is?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
What is accounting period?
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
What is the definition of accounting?
Explain compound journal entry.
How the Depreciation will calculate in Company?
