Answer Posted / venky

Account Payable means a short term liability or current
liability generated in the business for purchasing goods or
rendering services on credit. It is shown on Liabilities
side of Balance sheet under heading current liabilites &
provisions.

what is absorbtion coasting?

2236

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Can you explain about the distinction of Book-Keeping and Accounting

1925

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Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai

1947

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Expand----------SAMC

2047

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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

2124

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differences between liabilities and assessts

4221

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What is revaluation of Accounts, how does it is accounted in business

1913

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WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

2207

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How can I find out my credit rating score for free?

2018

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Short Answer on _________Accounts Receivable

1884

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what is futures and options?

2139

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is it necessasary to make a partnership deed

2872

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If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.

2155

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How do the standards assist the users of financial report?

2256

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cost accounting process

2000

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