Answer Posted / guest

good will reflect the portion of the book value of a
business entity not directly attributable to its assets and
liabilities

we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

2076

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IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?

2104

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Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?

2662

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There is no item category assigned to account

2166

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when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?

2514

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what is the difference b/w gain and profit?

1939

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Tell me in accounting, how do you define premises?

1111

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Mention whether the account "cash" will be credited or debited when a company pays a bill?

1149

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Difference between depreciation according to cost principle and matching principle

2045

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What is the revenue recognition principle?

1111

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What is departmental accounting? Give an example

1079

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What's the accounting entry when an Invoice is created in AR?

2073

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1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

7856

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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10

2454

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Can you differentiate accounting and auditing?

1073

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