Answer / rajan singh

A journal entry made at the end of the accounting period.
The closing entry is used to transfer data in the temporary
accounts to the permanent balance sheet or income statement
accounts.

Answer / sumitra

at the end of accounting period we pass closing entries in journal proper..such as transferring gross profit to p/l account etc

what is difference between job costing and process costing?

2 Answers  

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Can I do ca without maths as a subject...?

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why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?

1 Answers   DuPont,

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IS CASH DISCOUNT/RECIVED IS OPERATING EXPENSE/INCOME?

2 Answers  

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1.Closing Inventory consists of 1,100 units. What would be the cost of Closing Inventory under FIFO and LIFO methods? Opening Inventory 1000 units @ $ 10 $ 10,000 Purchase (1) 800 units @ $ 11 $ 8,800 Purchase (2) 500 units @ $ 14 $ 7,000 Purchase (3) 400 units @ $ 12 $ 4,800 Purchase (4) 300 units @ $ 13 $ 3,900 ------------ ----------- Totals 3000 units $ 34,500 ======= ======

1 Answers  

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pls state ledger group in tally ? 1. input vat 2.output vat 3.cenvat credit duty 4.excise duty payable 5.service tax input 6.output service tax 7. tds payable 8. tds receivable.

0 Answers   ABC,

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Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account

1 Answers   Genpact,

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0 Answers   IBM,

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1 Answers  

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What is the main difference between Net Worth and Net Asset Value ?

2 Answers  

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what is MIS report we prepare it?

7 Answers   Genpact,

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Tell me an example of a tough decision that you had to make?

0 Answers  

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