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Accounting and Accountancy
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Answer / shikha nanda
Accounting-it is a process of prepairing accounting
statements.
Accountancy-it is a knowledge of an accountant.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / jashwin
Accounting-it is a process of prepairing accounting
statements.
Accountancy-it is a knowledge of an accountant.
| Is This Answer Correct ? | 0 Yes | 0 No |
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If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
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for an employee in receipt of hostel allowance for his three children,the maximum annual allowance exempt u/s 10 (14) is
payment voucher for advance salary
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in reply of sreedapa answer ,suppose for the m/o march telephone expense is Rs.800 and for the m/o april Rs.200 For this we will pass tthis entry : Telephone expenses Dr 800 To Tel expenses payable 800 Telephone Expenses Payable Dr 800 to Bank/cash 800 (For the m/o march) And for the m/o april, we will make the provision in the m/o March Telephone expenses Dr. 200 To Telephone Expenses Payable 200 Plz advice
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interest received comes under which head
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
Audit 
