Answer / libin kulamuttom

Expenses are the amount
incured for the benifit we received.for eg:(1)wages paid
(It is a direct exp here we got the services of the employe as benifit.That means direct exp gives the benifit from trading or manufacturing field.(2)office rent paid(it is an indirect exp. Here we can use th building as offices.That means benifit came from administrative field)

At the end of financial year need to verify the all entries in the books of accounts

1 Answers   CTS,

---

what is Depreciation

5 Answers  

---

6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

0 Answers  

---

what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle

0 Answers   Wipro,

---

What are the types of liabilities accounts?

0 Answers  

---

What are the nine accounting cycles?

0 Answers  

---

How many ways can i increase paid up capital? Can i use retained earnings and change into paid up capital? If yes, what are the entries in the books?

2 Answers   ABC,

---

2- What is the difference between cash book and journals?

1 Answers   SEFL,

---

Credit Limit enhanced the Bank 10Cr to 15 Cr How to post the entry in accounting books

1 Answers  

---

HOW WE CAN SEE BANK RECONCILIATION STATEMENT IN TALLY 9

3 Answers   India Infoline,

---

Closing stock not considered in Trial Balance,why?

3 Answers  

---

Tell me what does the investment of personal assets by the owner will do?

0 Answers  

---