Answer / ahmed

prepaid means The payment is made in advance and will be booking expenses monthly basic.
for example prepaid expenses are rent insurance etc etc

accruals means the expenses for the present month will be effected to the next month

for example salary, electricity,telephone bills

what is the purpose of preparing Bank reconciliation ?

3 Answers   ABC, CAFS,

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what is contra entry . plz explain with example.

6 Answers   KOMA,

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which report give the data of GL with materials details in sap?

0 Answers  

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Difference Between LBO and MBO?

2 Answers  

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Accounting Questions

2 Answers   Infosys,

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Explain what is liabilities and what all does include in current liabilities?

0 Answers  

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What is the purpose of financial statements?

0 Answers  

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We are facing problem in Capital Goods when our other unit send us Capital goods we book it in Fixed assets but if we transfer the same capital goods to other unit we have to make sale bill in which this item goes to inventory, and the qty is shown as negative balance, but our unit is asking for Invoice, Please explain how we will settle this qty from assets as per excise rule.

1 Answers  

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journal entry for goodwill and capital bought by a new partner?

0 Answers  

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what is the journal entry for gas connection taken by company for preparing tea and coffee.

0 Answers  

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why net profit add in capital in balance sheet

7 Answers  

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What is CRR ? How it Works?

2 Answers   DMRC,

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