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

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cost of normal waste of material under contact costing is debit to : 1)contract a/c 2) trading a/c 3) matrial a/c 4) profit and loss a/c

2 Answers  

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how to answer tell me about yourself in an interview?

7 Answers   Genpact, Hindustan Adhesives, InTouch, TATA, Wipro,

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What is recording damage inventory in books of account?

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What are the various methods to depreciate an asset?

4 Answers  

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What is fiduciary accounting?

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define SOX

1 Answers   WNS,

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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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what is the journal entry for : cheque received from Mr A and sent for collection.

1 Answers  

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Tell me what does the investment of personal assets by the owner will do?

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What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

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in the tds entery party ledger which group under craete

2 Answers  

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