Answer Posted / satish

if any thing happend to material or asset we claim to insurance.the entry is
Loss on asset or material A/c ..dr (Asset)
to Insurance Claim ac (receivables)
after getting the claim from Insurance company

Bank Ac ...dr
to Insurance claim ac

dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

1999

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Detail your responsibilities in accounts receivable

1222

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what is cost unit n what is cost sheet?

2252

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what is use of cost center category in tally ? why & when use this ? what is benfit ?

2116

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How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

27579

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What elements of your job do you find most difficult?

6899

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What is accounting ethics?

1105

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What are the three factors that can affect your cash flow and business profitability?

1094

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Define fair value accounting?

1131

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What are the 4 phases accounting?

1086

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What is deferred account?

1320

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Sold goods to Gasha 600 by cash

1457

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a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?

2403

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What are negative postings?What are Credit memos ?Payment Requests ?

2187

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{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?

2287

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