Interested to Buy Any Domain ? << Click Here >> for more details...
Classification of Errors as per Accounting
- 7 Answers
- 16121 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ravi.ch
error of ommission
error of commission
error of dulplication
error of principle
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / shiva
1.Error of Commission
2.Error of Ommission
3. Error of Principle
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / munawar
error of ommission
error of commission
compensating error
error of principle
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vishal rana
ERRORS OF OMISSION,
ERRORS OF COMISION,
ERRORS OF PRINCIPAL,
ERRORS OF DUPLICATION,
COMPENSATING ERROR.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sachin h d
1. Errors of Omission
2. Errors of Commission
3. Errors of Principle
4. Compensating Errors
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shweta
Error of commission
Error of commission
Clerical errors
| Is This Answer Correct ? | 2 Yes | 8 No |
What can be done incase of excess payment of TDS Remittence than the actual amount? Is there any adjustment towards the excess amount with the upcoming TDS payment? Reference of last quarter challan should be shown while adjusting in next quarter?
in which voucher we can enter the depreciation entry
What is negative goodwill?
Tell me,as per companies which section P&L Account and balance sheet will be prepared
Why we debit expenses and credit incomes ?
what is insurance ? how many types of insurance?
What is the difference between cfa and csa?
Explain about the accounting software "SAP" and discuss its advantanges.
Name Financial Institutions available in Indian Industry to meet financial needs ? and their objectives ?
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
What knowledge should financial accountant have?
say something about your school
Audit 
