Answer Posted / srikanth

Deferred Revenue Expenditures are those expenditures which
have been incurred in an accounting period and they do not
create any assets but their benefit is spread in more then
one accounting period Ex. Advertisement Cost

What are the advantages of double entry system?

1110

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Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-

1898

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what is cost unit n what is cost sheet?

2199

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What are the elements of the accounting equation?

1074

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What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?

2062

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What is the difference between lc and bg(letter of credit

1945

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What are control ledgers?

1146

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adjustment entry showing in tally such as outstanding salary prepaid salary etc.

3266

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Tell me did you use accounting applications at your previous companies or prefer working manually?

1042

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what are the extraordinary items?

998

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HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

1940

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If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

4883

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what is share application money pending allotment?

4070

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x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

2172

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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

27401

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