Answer Posted / abhay pandey(genpact)

Provisions are those where the liability existance is
certain, but the amount of liability cannot be determined
with substantial accuracy.

In case of reserves, the liability is not known. but some
amount of profits are kept aside for meeting the
contingencies that might become actual liabilities.

Define trade bills?

1209

---

What is an over accrual?

1079

---

Why current assets Liability said & current Liability Assets said...?at tally ERP9

1835

---

Tell me by saying, perpetual or periodic inventory system; what do we mean?

1189

---

What is the purpose of financial statements?

1074

---

what is the process of cenvat credit taken in service tax( in direct & indirect service)

3468

---

Is an "account receivable" and "goodwill" real accounts in accounting?

982

---

what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?

2061

---

SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

2046

---

How do I charge bank charges on payments to clients

2064

---

Tell me what is the master account?

1164

---

FROM WHERE I WILL GET PREVIOUS QUESTION PAPER OF JUNIOR ACCOUNTS OFFICER TEST OF B S N L

2988

---

Explain me bills receivable?

1069

---

I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

1858

---

Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??

1622

---