What have you read in the newspapers in the last few days that particularly interested you?

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What is the difference between accounts and finance ?

1 Answers  

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what is service tax

3 Answers  

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What is meant by balancing?

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what points we can tell in the self introduction round?

2 Answers  

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what comes under real account?

3 Answers   CS Engineering, SK Accountant,

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What is purchasing order?

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what is the difference between backup and restore in tally software pls tell me friends?

2 Answers  

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Why don't calculate the depreciation on Land & Devlopment.? Explain.

5 Answers  

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I have two godown in Delhi.i want transfer of goods from one to another what documents are required

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A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

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What is Tax Groups

1 Answers   Accenture,

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