Answer Posted / chittibabu

expenses incurred for run business(running or operative
exps) is called revenue expenses which are charges to p&l
a/c dr side.
ex: salaries,rent,stationary and office maintanace etc.

expenses incurred for equire fixed assets which will shown
in B/s at assets side.
ex:purchase of land, building, furniture etc.,

what are cost accounting and its applications?

659

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Do you know offset accounting?

631

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kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

1577

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If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

2172

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What are the advantages of double entry system?

677

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

4136

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x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

1703

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What is liabilities and what all does include in current liabilities?

634

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what is the meaning of 4X and 10X value in intraday market?

1826

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our cheque to Arshad Khan was dishonored?

985

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Discuss the consistency concept in accounting

641

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Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

1738

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Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

639

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What are the different fields of accounting?

637

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How can I put Bank Guarantee Receipt entry in Tally ERP9?

3337

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