shirish atole


{ City } mumbai
< Country > india
* Profession * audit asst
User No # 41267
Total Questions Posted # 0
Total Answers Posted # 8

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 60
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Questions / { shirish atole }
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Answers / { shirish atole }

Question { 71401 }

Pass journal entries
Purchased goods from mr x on credit 1000


Answer

X A/c Dr. 1000
To Goods A/c 1000

Is This Answer Correct ?    7 Yes 54 No

Question { 9164 }

what is bills receviables?



Answer

If a someone owned some amount from someone its called
bills receviable

Is This Answer Correct ?    1 Yes 0 No


Question { 7693 }

examples for depereciation


Answer

Machinery 40000
Dep (10%)(4000)
Net Mechinery 36000

Is This Answer Correct ?    5 Yes 1 No

Question { 17885 }

deduct deperection from land
true or false


Answer

false

Is This Answer Correct ?    5 Yes 0 No

Question { 6504 }

As per accounting standards, what is the meaning of "Short
Term Liabilities and Long Term Liabilities:? As the Company
can change the classification based on their business? Or
these meanings are fixed?


Answer

Short term liabilites means those liabilities which are
paid imedately like Bills Payble and lond term liabilities
are those liabilities which are taken for use of long
period like Share capital Bank o/d.

No.

These are fixed.

Is This Answer Correct ?    6 Yes 0 No

Question { 24194 }

Re: one customer visit the showroom of phones and purchased
the phone of Rs 750 and gave the 1000 rupees note the
showroom executive didn't have the change so he take the
change from next to his showroom's shop then he deliver the
phone to customer with the change of rs 250.and customer
went with both after sometime the shop owner of next to
showroom who gave the change of Rs 1000 with angry and told
the showroom executive that the note you give it to me is
fake! so showroom executive gave him Rs1000 to him.so
my(question) is how much the showroom executive faced the
loss on this transaction.


(the answer is neither 750,1000,1250,1500,1750 nor 2000)
please reply the answer because its urgent with the
explanation of u'r answer thankyou.


Answer

The actual lost suffered by the showroom excecutives is
Rs.2000 (1000+750+250)

Is This Answer Correct ?    15 Yes 7 No

Question { 9063 }

What Is audit ? Explain the inventory audit


Answer

Audit is sytamatic checking of the finacial record wuth the
help of some documentry proof

Is This Answer Correct ?    13 Yes 0 No

Question { 8310 }

what is bill receible


Answer

If a someone owned some amount from someone its called
bills receviable

Is This Answer Correct ?    8 Yes 8 No