Answer / sagar

Accrued expenses are the expenses for the period whether paid or not.
eg. monthly rent is $1000 and payment made is $800 in this case accrued expenses will be $1000 and not the amount that has actually being paid $800.

Answer / lokesh

Accrued expenses is expenses related to the current accounting period but will pay next accounting period. It's called Accrued expenses.
Ex:- House rent, Salaries

Do you think accounting standards are mandatory and why?

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Is it possible contra entry in SAP FICO

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Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

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iam working at hotel industry it is a small industry so, i did'nt kept postage and telegram ledger because we are not doing so recently we send courier that courier charges which ledger i have to take?

4 Answers  

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The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?

14 Answers   ICA,

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Explain what does financial statement of the company includes?

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what is defference between flat rate and reducing rate, and which is more affortable for borrower?

1 Answers  

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I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

0 Answers   Carlton,

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what is insurance? And Type of insurance?

3 Answers  

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Financial Management What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hands to meet its obligation at all times?

1 Answers  

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vat comes in what type of head in golden rules procedure

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What are the advantages of double entry system?

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