what is accounting standard?
Answer Posted / simon
accounting standards are policies and procedures or
guidelines that are used by accountants to prepare
financial statements for public use.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
different between acconting and elective mathematics
Which Invoice issued on Central Sale Commercial or Retail?
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
npa is either person or account
what is the meaning of input vat & out put vat?
Who to create a budget on software company
how to entry of hra
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
What is the difference between income statement & Profit&loss A/c?
where does the closing stock appears in the trial balance?
why are you selecting for the profitbulity analysis costing based& active based
Short Answer on __________Leverage
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?