what is provision what is the difference between provision & reserve

4 Answers   IBM, Sand Martin,

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Calculation of closing Stock give example?

25 Answers   ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,

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Whether purchase of a fixed asset comes in receipt & payment account or not?

3 Answers  

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Contents of a Balance sheet

6 Answers  

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what points we can tell in the self introduction round?

2 Answers  

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how to calculate ratio of closing stock?

6 Answers  

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Definition of accounts payable

3 Answers   Genpact, Infosys, MNC, TATA,

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Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job

0 Answers  

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

0 Answers  

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stock taken as drawing what should be the accounting entry

7 Answers  

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sir, what is the tangible assets, intangible assets

2 Answers  

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what is market capitalisation and tell me the formula for that ?????

4 Answers   Capital IQ,

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