Answer Posted / anilkumar.m

Account receivable is the amount receivable from sundry
debtors for our services or goods to provided to them.

For Example: We rise the bill to Party for our service but
they will pay after 15 days then we have to accounted as
ACCOUNT RECEIVABLE


Insimilar case Account payable means amount we have to pay
to sundry creditors for their services or goods.

For Example January month of Rent we have to account last
day of January month even we are not paid as Rent Payable
when we make a payment we have to Debit Rent Payable

in terms of accounting the trial balance when is it taken?

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non cash or bank income or expense

1816

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Explain a time when you have not met your goal?

1107

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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500

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What does the investment of personal assets by the owner will do?

1097

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we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

2129

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Under Accrual Accounting, How Are Worker Comp Premiums Handled?

1114

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In accounting, how do you define the premises?

1260

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i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?

1726

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Explain the meaning of long-term notes payable is or long term liabilities?

1207

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Compare financial accounting and cost accounting.

1114

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What is reversing journal entries?

1171

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The main financial accounting statements?

1087

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Do you know in accounting, vat abbreviates what?

1119

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accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

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