Answer Posted / sudhansu dash

After preparation of Trial Balance we have to prepare our
income statement. Now a days this has been directlly
reflect in your concern statement whoever mantain the books
in electronic form.

We prepare the Profit and Loss account to get the net
profit or loss. So, like that we prepare Profit and Loss
Appropriation account to transfer our profit to various
reserve, devidend and retain earning account.

It will help the stakeholders to know the appropriate use
of the profit of the company by that we can establish the
position of the company.

what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..

4708

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Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)

2300

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How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

1787

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What and How to compute an unsecured balances?

2157

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When Tds is applicable to deduct and wht is rate for different work panel?

1900

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What steps would you take to locate the errors in case trial balance disagrees?

991

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What is short term solvency ratio?

1009

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List the type of transactions entered in journal proper.

1044

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in Tally what is cost cenre,cost categori and why we need to prepare them

2027

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RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

2189

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Tell me an example of a tough decision that you had to make?

1028

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journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY

1812

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what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??

1618

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Define partitioning in accounting?

1508

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What is the definition of accounting?

1045

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