Answer Posted / srinivas

Every Business COncern wants to know the position of the
company either he gets profit or loss.
In order to know that he want to prepare P& L A/c & B/S for
every year ending.
Business Purchases, sales, stock and expenditure and
incomes come under profit & loss A/c
Laibilities & assests of the company comes under balance
sheet

Tell us in balance sheet, where do you show tds?

1042

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As you know executive accounting?

1020

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What is accounting for plant assets?

1177

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are tpt, freight & packing charges part of sales & purchase ??

2160

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What is an accounting loss?

1169

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Tell me do you have any professional experience of this field?

1136

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when & how interest on unsecured loan is calculated?

1923

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what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

2135

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My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?

1587

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rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

2132

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SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

2160

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what is a difference between public and private accounting?

1146

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What accounts are to be debited and credited in this case o

1851

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Mention why some asset accounts have a credit balance?

1074

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sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

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