Question { Siemens, 4948 }

what is accounting cycle ?

Answer

The accounting cycle is the process of rotating the financial balances of the company. The accounting process is Journals, Book keeping, Ledgers, Subsidiary books, Trail balance, Profit and loss a/c, Balance sheet. This is the process, then the process will start from the journals, automatically this process is runes in the organisation.

Question { IOCL, 3429 }

whats the manufacturing account

Answer

the manufacturing account means all the expenses for to make a
product to take into manufacturing account. it can be taken
only the manufacturing costs for the product.

Question { Kurlon, 5025 }

whats difference between manufacturing account & cost account

Answer

Manufacturing account means total manufacturing expenses taking into manufacturing account. And the cost account means total overall expenses from raw material to sell the product all the expenses as undertaking cost account.
The manufacturing account is only for manufacture expenses and the cost account is for all the expenses for making and marketing the product.

Question { Kurlon, 5025 }

whats difference between manufacturing account & cost account

Answer

manufacturing account means taking the manufacturing cost of
the product. and the cost account is the total overall
expenses of the product still selling the product. that is the
difference.

Question { Genpact, 15536 }

how to answer tell me about yourself in an interview?

Answer

first you wish the interviewer then start with your name and
your education qualification, and say your strength and
weekness.

Question { Genpact, 28620 }

what is the difference between journal voucher and contra

Answer

journal voucher is the voucher in which all the adjustment
related entries and non cash non bank transactions are entered
in journal eg-dep, some of them book the bills in journal and
while they make a payment they record in payment eg-contractor
bill

contra appears two times in two sides of a account an account
will be treated as contra when, cash deposited in bank, cash
with drawn from bank for office use, cheque deposited in bank,
cheque withdrawn for office use, transfer from one account to
another account

Question { 9706 }

What is difference between budget & budgeting

Answer

An estimation of the revenue and expenses over a specified
future period of time. A budget can be made for a person,
family, group of people, business, government, country,
multinational organization or just about anything else that
makes and spends money. A budget is a microeconomic concept
that shows the tradeoff made when one good is exchanged for
another.

Budgeting lies at the foundation of every financial plan. It
doesn’t matter if you’re living paycheck to paycheck or
earning six-figures a year, you need to know where your
money is going if you want to have a handle on your
finances. Unlike what you might believe, budgeting isn’t all
about restricting what you spend money on and cutting out
all the fun in your life. It’s really about understanding
how much money you have, where it goes, and then planning
how to best allocate those funds. Here’s everything you need
to help you create and maintain a budget.