Under the accrual basis of accounting, when revenues are reported in the accounting period?

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"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

0 Answers   Infosys,

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What does overhead mean in regards to accounting?

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what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

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Goods destroyed by fire rs.2000 and insurance company claim rs 1250. This is shown on adjustment,how is it posting on profit and loss account and balance sheet

1 Answers  

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If a transaction was missed completly how do you find it?

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what is the difference between NEFT and RTGS ?

2 Answers   Banking,

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Do you know what is the importance of team work in this position?

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X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

1 Answers  

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When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

0 Answers   Cap Gemini,

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what is entry of depreciation in journal

4 Answers  

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hi friends i went one interview yesturday Hr is asked " r u have experince in payroll accounts " what is this experience i cant understand pls post the answer?

1 Answers  

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