Answer Posted / izi

Accrued expense is opposite to prepaid expense.
Actually accrued expense is the expense whose benefit has been taken but such expenses has not been paid yet(in the form of cash or cheque). So, we treat we treat it as current liability.

are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?

2458

---

whts is the meaning of over cost and under cost, what is difference ?

11890

---

When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

2273

---

What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1943

---

Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

1758

---

why gross profit transfering to profit & loss account

4277

---

Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

2131

---

Short answer on Amalgamation

2308

---

define fixed assets

1870

---

What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

2108

---

Short Answer on -----Trade mark

1893

---

what is the accounting conventions

4226

---

EXPAND_________SDJMC

2321

---

A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1851

---

Can you explain about the distinction of Book-Keeping and Accounting

1973

---