Answer Posted / ambrish

difference between inventory & stock is that inventory can be defined as tangible property held for sale in the ordinary course of business,or in the process of production for such sale, or for consumption in the production of goods or services for sale whereas stock means the quantity of physical goods which are not held for sale.

What is DECR And for wt it is used?

2091

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Distinguish value andPrice

1946

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What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????

2460

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

1973

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What is Direct Debit

2223

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4242

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Transfer nett profit of Rs 325000/- to Reserves and Surplus

2428

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what is Contra Asset?

13647

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what is Rectification of Errors ?

2226

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Expand---------MRDT

2314

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You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1509

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Expand---------PCDB

2112

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What is Provision for expenses?

2253

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How can i do the entry of of service tax in tally.

2134

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I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks

1926

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