Answer / poorna

Gross profit or the gross loss are the outcomes from trading account, where any of these outcome will helps to derive the net profit or net loss from proft and loss account....where this net profit or loss is linked to the capital amt on liabilities side to know the fairness of the concern by equating both assets and liabilities.....

What is the closing entry?

2 Answers   Genpact,

---

a buyer,purchases a for rs100, b for rs80, c for rs60 and mixed in ratio of 3:4:5 and sells @ 50% profit what wil be d price?

12 Answers   TCS,

---

9. Fixed Cost assumed to be $ 2,700. Variable Cost is $ 70 per unit. Selling Price is $ 100 per unit. What would be the Breakeven Point in Units?

1 Answers  

---

What's the VAT percentage?

8 Answers   Sony,

---

Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest

2 Answers  

---

What are the functions of a General Ledger? What accounts are usually maintained in it and from what subsidiary books are they derived?

1 Answers   Broadridge,

---

cupboard chairs are assets or indirect epenses ?

2 Answers  

---

An estimate of assets and liabilities on a given date a)Balance sheet b)statement of affairs c)statement of assets d) statement of liabilities

2 Answers   APCPDCL,

---

What is Debit Note & Credit Note?

3 Answers   EDS,

---

What are the 4 principles of gaap?

0 Answers  

---

What is the suitable method of charging depereciation?

1 Answers  

---

what is the differences between quality assurance and quality improvements?

1 Answers  

---