company prepares accounts sometimes on cash basis ,
sometimes on accural basis
A)TRUE B)FALSE C)SOMETIMES TRUE D)SOMETIMES FALSE

Answer Posted / mg

It depends on the company, if the company is mom and pop
(small business)company then it can be on a cash basis.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How does the ration analysis help in depicting profit and loss

1710


what is finance what is bpo why do u want join a BPO types of process in BPO Company's

1624


Total numbers of companies listed on stock Exchange?

2104


how will you create the posting periods 3 and 5 or 5and 7?

1639


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

1558






what is status report? and flow report?

1635


Short Answer on _________Accounts Receivable

1467


4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470

2660


In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?

1629


A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c

1640


You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1844


Can v transfer trail balance to journal entry how and with example?

1766


what would you contribute for bhels growth

1652


What is the journal entry for Call and a Put option both in the books of buyer and seller

9355


Expand-------NBTA

1664