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.

How often is the stock market ticker updated? 15sec? 30sec?

0 Answers  

---

What is meaning of H - form?

11 Answers   Delta, Jindal,

---

what was the need of Merger in 1991?

1 Answers  

---

What should be the answere when asked "tell me about your self".

4 Answers  

---

what is LIFO method & procedure ? How you can calculate it ? What is Fund flow ? & what is Cashflow method ? whais is the use fund flow & cash flow in company?

2 Answers  

---

How can i make entry of tds on salary in tally

1 Answers   ABC,

---

MY QUESTION IS THAT IS WHEY WE SELL THE UPS IN THE MARKET BUY FROM THE IMPORT WHAT THE DUTY WE WILL FORWARD TO THEM.

0 Answers  

---

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,

---

how will create minutes/time for our browsing customers

1 Answers  

---

Three charities have common trustees and currently produce separate accounts. Can the charity somehow put these together as a single set of accounts?

1 Answers  

---

What is the rate for filling of Company returns?

2 Answers   Infotech,

---

Is form 38 mandatory to issue c form in up. thru online mode

0 Answers  

---