What did you meant by Debit and Credit?

4 Answers   Genpact,

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We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?

1 Answers  

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Calculate the P/V Ratio and BEP from the following particulars. Sales 5,00,000 Fixed Cost 1,00,000 Profit 1,50,000

3 Answers   Tamarai,

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What are the 4 principles of gaap?

0 Answers  

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WHAT TYPE OF QUESTION WILL YOU ASK IN INTERVIEW BECAUSE IAM FRESHER

2 Answers   Bank of Baroda, State Bank Of India SBI, Vserve,

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1)Why closing stock or stock always a positive balance is any reason for? 2)if i am working in IT company what is my Accrual?

1 Answers   Infosys,

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why profit and loss account debit balance appeare in the asset side of balance sheet?

11 Answers   Genpact, HCL, Rites,

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Labour charges paid to labour party on tds rate ? May be deductable ? Example Iron purchase 16.500 mt. Per ton broking charges 200.00

1 Answers  

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While closing books for the year end, We had Closing stock which is inclusive of VAT(i.e Cost price + VAT), What is the treatment of this Closing Stock in the P&L and BS , is Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT) or, without VAT (ie. Cost Price)

5 Answers  

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book keeping is the art of recording------in the books of accounts

6 Answers   Finance, Wipro,

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whom can deduct the TDS?

6 Answers  

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sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall

0 Answers  

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