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Define partitioning in accounting?


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More Accounting General Interview Questions

What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

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Entry of vehicle loan paid some margin money and other amount financed by bank and repayment of bank loan?

1 Answers  


Differentiate between equity and stock.

1 Answers  


Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

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What is the Major Difference between Revised Schedule VI and Old Schedule VI ?

1 Answers   DMRC,


I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

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in accounting process there is summerizing. what is sumarizing? and an relevant example of summarizing?

3 Answers  


how to pass the journal entry for tds dedcted on commission receivable

5 Answers   ABC, REDR,


In sales entry, for sales tax what rule apples (real, nominal)

3 Answers   FIC,


Classification of Errors as per Accounting

7 Answers  


What is mutual fund sub accounting?

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Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

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