Mention in simple terms what is the difference between asset, equity, and liabilities?

0 Answers  

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Give example of an intangible Asset that is depriciable

3 Answers   Accenture,

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What are time sheets? How are they maintained?

0 Answers  

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Explain the Steps to transfer the data from AP to GL

0 Answers   Accenture,

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general entry for credit purchases, credit sales, golden rules of accounting,what is contribution.

11 Answers   Genpact, LG,

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M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

0 Answers  

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Difference between reserves for bad debts & provision for bad debts.

6 Answers   HSBC, NRN Business solution, Siemens,

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What is vat adjustment?

0 Answers  

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Why in KE5Z report in SAP Accounting Data not found?

0 Answers  

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wt is a/c

3 Answers  

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In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?

0 Answers  

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what is the direct taxes?

3 Answers   JK Associates, TATA,

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