raja


{ City } kolkata
< Country > india
* Profession *
User No # 109178
Total Questions Posted # 0
Total Answers Posted # 3

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Questions / { raja }
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Answers / { raja }

Question { Infosys, 3029 }

1)Why closing stock or stock always a positive balance is any reason for?

2)if i am working in IT company what is my Accrual?


Answer

1. closing stock is currentassets tangible type. So it has physical existence, so it can be finished but can't be negative. 

2. Sorry I can't get you.

Is This Answer Correct ?    2 Yes 1 No

Question { Genpect, 4267 }

what is asset in accounting


Answer

An asset is resources, which carried out a organization for long term period. It may be tangible or intangible.

Is This Answer Correct ?    4 Yes 1 No


Question { 1902 }

I have a questions regarding booking transaction.
what is I want to loan my company 10k
transaction will be recorded as follows

"CASH" 10k debit
"Payable to partner" 10K as credit.
So when I used company debit card for my personal use can I book this as a loan repayment?
which means I will have to Debit account " Payable to Partner and credit "Cash"


Answer

I Think Drawing account Transaction will match for this option.

Drawing a/c Dr
To Bank

Hope it will work

Is This Answer Correct ?    0 Yes 0 No