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

Explain what is bank reconciliation?

0 Answers  

---

if a company purchased cell phones for employees how to treat that expenses is it asset for the company under which ledger it will come pls tell me friends?

6 Answers  

---

What was your most complicated sales cycle in past positions?

0 Answers  

---

20. Between educational qualification and practical work experience, give us a brief explanation on your practical experience in your past Endeavour that you performed well to the satisfaction of your past or present employer?

1 Answers   Dodsal, Swil, Tesla,

---

How do you relate yourself with Accounts?

0 Answers  

---

what are the document that get created in procurement to pay process ?

2 Answers   Servis,

---

Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.

0 Answers  

---

is it software companies also using Tally software for their accouts?

1 Answers  

---

how to calculate the income in accounting ?

2 Answers  

---

What is a contra entry

5 Answers   Genpact,

---

Principles of accounting

4 Answers   Bank Of America, Genpact,

---

VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI

0 Answers  

---