Answer Posted / shamim
it is a financial tools of minimizing the unforeseen risk
two types
1) life
2) General
3) marine
4) others
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Why is accuracy important in accounting?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
What have you read in the newspapers in the last few days that particularly interested you?
Tell me which accounting application you prefer most and why?
SHADOW BALANCE SHEET
Explain me the term material facts in accounting?
Scope and nature of Accounting
how to create salary and pf statement in excel sheet?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
what is cost center & cost categories in tally
Tell me the types of accounts involved in double entry book-keeping?
MEANING OF RED HERRITING
Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.