Answer / durgesh

preliminary expenses are those expenses which incurred
before the commencement of bussiness whereas miscellaneous
expenses incurred during the course of bussiness which are
not adjustable under any other head.

Answer / viswanath.chaganti

Preliminary expenses are expenses incurred for
incorporation of company/business. These expenses will be
written off over a period after incorporating the
business.These expenses will be shown in Balance sheet
asset side till write off.

Miscellaneous expenses are revenue in nature. Where
expenditure not related to particular head of account or
not able to classify, will accounted to Miscellaneous
expenses. These expenses will be transferred to P & L
account in the year end. Any miscellaneous expenses debited
to P & L a/c in excess of prescribed limit by Income Tax
Act, 1956 will be added back to income by authorities and
will be taxed accordingly.

what is the difference between sap and sas?

0 Answers   Royal Bank Of Scotland,

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Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??

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Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

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Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

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Expand-------NAST

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Expand--------SRTA

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what is the difference between direct income and indirect income?

13 Answers   College School Exams Tests, IPO, Wipro,

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tell the ratio where the numerator and denominator should contain one from asset side and other from liabilities side

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what is meaning of SOP.

4 Answers  

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wat is the online accounting ?please explain this?

1 Answers  

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