Answer Posted / chanti

Trade Discount is the discount provided on bulk purchases
and generally trade discount is not shown in the books of
accounts the entry for purchase of 10,000 5% trade
discount is
Purchase A/c....Dr 9500
To Sundry Debtor/cash/bank A/c. 9500

Cash Discount is the discount provided for payments made
before due date and for cash purchases and this is gain to
the company and is shown in the books of accounts and the
entry will be
Purchase A/c....Dr 10000
To Discount Received A/c 500
To cash A/c 9500

Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1980

---

What do you know about KPMG?

4742

---

What is final audit?

1138

---

Explain the importance of internal audit to the organization?

1127

---

What do you find the most challenging in Accpuntant role

2380

---

What was your most rewarding accomplishment of your career and why

3357

---

is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me

2283

---

How would you describe your management style

2242

---

Explain the basic principles of an internal audit controlsystem?

1108

---

please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

2323

---

what is the accounting treatment on Putoption over own shares.?

1540

---

while calculating drawing power for the purpose of cc limit ,while deducting creditors from stock whether to consider debit balance of creditors ,in total of creditors' credit balance ?

1874

---

i want question papers audit staff selection examination

2331

---

what is audit & activities of auditor?

2481

---

Why do you want to work in audit?

1222

---