Answer / soumyalin santy

Accounting is directly or indirectly related with every subjects like Marketing, Financial Management,Economics, Statistics etc. Because before starting a new business the most important problem faced by a business firm is choice of a product, Price to be charge and output of the product so as to maximize profit.So to solve all this problem a firm has to estimate the demand for its product and also to estimate cost- Output Analysis.And for finding out demand of a product an Organisation can go for Statistical Survey like Consumer's behavior,Consumer's preference, Economic Condition etc...At this time also an Organisation takes Marketing Mix Decision like Price, Promotion, place etc.And Financial Management has also importance when You are producing a product. For this a financial Manager takes three types of decision like Financial Decision, investing decision and Dividend Decision. And Accounting records all these activities which require money.

calculations of pf

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IN ONE OF THE MAUNUFACTURING COMPANY, THE MANAGMENT WAS VERY MUCH INTERESTED TO INTRODUCE ERP(IT IS FOREIGN SOFTWARE)BASED ON SOME ATTRACTIVE FEATURES EXPLAINED BY THE ERP SOFT WARE COMPANY/AGENCY . THE ACCOUNTING STAFF ARE ALL CONVERCENT WITH TALLY ACCOUNTING PACKAGE(INDIAN ACCOUNTING METHOD). THEREFORE THEY WOULD LIKE TO KNOW THAT (I) WHAT ARE THE DIFFERENCE BETWEEN A TRIAL BALANCE FROM NORMAL TALLY ACCOUNTING AND ERP GENREATED TRIAL BALANCE (2) SINCE THE BOTH THE TRIAL BALANCE WILL BE HAVING DIFFEERENT DATAS HOW SOME ONE CAN MAKE A FINAL ACCOUNT SUCH AS TRADING A/C PROFIT & LOSS ACCOUNT AND BALANCE SHEET AS PER INDIAN COMPANIES ACT. THE TRIAL BALANCE AS PER ERP SHOW SOME COST OF PRODCUTION A/C, LABOUR/MATERIAL/VALUE VARIANCE A/C. SAY ALL THESE VARIANCE ARE CORRECT AND BASED ON THE ACTUAL TRANSACTION TAKEN PLACE, HOW SOMEONE CAN A FINAL ACCOUNT MEANT FOR INDIAN ACCOUNTING POLICY WHICH TO BE SUBMITTED TO VARIOUS GOVT BODIES? I AM TOTALLY CONFUSED

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"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

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In which side Investment is comes In Balence shhet ?

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whats difference between manufacturing account & cost account

0 Answers   Kurlon,

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.........method of stock valuation considered the purchase price of stock which intered the godown last. 1)fifo 2)lifo 3)weight average 4)all the above methoed chose the correct answer?

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If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet

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what z diff between depreciation and amalgamation?

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What are the important things to be remembered while preparing a bank reconciliation statement?

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what is factory account. Descibe in details

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What is the rate of claiming Input service tax i.e 20% or 100% o

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What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

0 Answers   Faber Castell,

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