Why are accounting standards necessary?

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1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.

1 Answers   Accounting,

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cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me

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Describe the Balance Sheet?

2 Answers   Cognizant,

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

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define capital rationing!

2 Answers  

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What is net Facilities?

1 Answers   TCS,

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what show in balance sheet after deduct last depreciation of assets

2 Answers  

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How to group the companies in tally?

0 Answers   CTS,

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What is Deferred Asset..?

2 Answers  

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If there is an excess amt of TDS paid under the head TDS on contractor, then how it can be shown in Annexure of TDS return?

0 Answers   TATA,

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in terms of accounting the trial balance when is it taken?

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