Answer Posted / nalini reddy

1)"income is the sum of all the wages, salaries, profits,
interests payments, rents and other forms of earnings
received... in a given period of time.'' For firms, income
generally refers to net-profit: what remains of revenue
after expenses have been subtracted.

2)Capital expenditures (CAPEX or capex) are expenditures
creating future benefits. A capital expenditure is incurred
when a business spends money either to buy fixed assets or
to add to the value of an existing fixed asset with a
useful life that extends beyond the taxable year.

And prepared by Accounts department.

hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc

2155

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What is the use of final account?

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Expand---------NMOP

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HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

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Short Answer on _________Commerce

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You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

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What do u mean by pass through expenses? give examples, how it will be accounted & billed?

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what is undisclosed profit? explain

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credit card entry in tally

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what is the accounting conventions

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what would you contribute for bhels growth

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what is book profit

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an amount deducted from the catalog price for an item of merchandise is called?

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The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

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what is ment by master in tally?

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