why only 6 months interest is charged on drawings
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what is the main difference between Outstanding & Accrued Expenses?
We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?
Mr.A repaired a printer of a company and charge a bill of Rs.1200? The company paid Mr.A cheque of Rs.1080 and deduct Rs.120 in TDS after couple of day Mr.A received TDS certificate from the company. pass all the entries in the books of accounts.
Who is Sundry Debtor and who is the sundry creditor ?
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my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
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A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.
who is the supreme commander of Indian Armed Forces?
Goods worth Rs.347.60 has been destroyed. Ex:(parachute Hair Oil 8 Ml, So entry will be.. Abnormal Loss A/c Dr....347.60 To Stock Destroyed A/c How it possible????
if issue the share capital what is entry pass the journal
if my company Purchases a raw material from other trading company and paid that amount by trading company owner account this case ? how to entry are reported?
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