Describe the Balance Sheet?

2 Answers   Cognizant,

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Explain what is involved in the process of double-entry accounting?

0 Answers  

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A Vat account debit balance reported in the year end trail balance would represent?

1 Answers  

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Why Accountants have to or must prepare INCOME STATMENT in two stages Gross Profit And Net Profit

2 Answers  

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WHILE WORKING DEPERICATION OF AN MACHINERY ASSET WHAT IS THE PERCENTAGE TO BE TAKEN & FOR HOW MANY YEARS IT HAS TO BE TAKEN.

1 Answers  

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what is IPO

13 Answers   Bank Of America,

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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.

0 Answers  

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ten example of direct income

1 Answers   Genpact, HCL,

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what are the voucher entries of gratuity in tally

3 Answers  

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Dear sir, In tally what is list of cost centres? and what is the list of cost categories?

0 Answers  

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which type of questions did HR Manager ask and what are the answers

0 Answers   Bank Of America,

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Explain what is double-entry accounting? Explain with an example?

0 Answers  

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