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Answer Posted / srikar
when the trial balance not satisfied by the accounts create a
suspence account for that tempararily after rectifying the
accounts in ledger it will be cancelled
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Give ONE reason for Balance Sheet to be out of balance
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How do I record a prior year property tax refund on sale of asset due to overvaluation
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Wipro Limited
Dear candidate
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Wipro Limited what is the relationship between bookkeeping and accounting? Is financial accounting necessary? I have deducted Notice pay Rs. 5000/- in which account to
be booked the same enty, what is the head for notice pay
in profit and loss a/c. Fundamental accounting assumptions are
(a) Materiality.
(b) Business entity.
(c) Going concern.
(d) Dual aspect How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19. Accounting Questions As you know account executives need to be talented salespeople. Do you have experience making sales? Mr. A purchased a machinery costing Rs. 1,00,000 on 1st
October, 2005. Transportation
and installation charges were incurred amounting Rs. 10,000
and Rs. 4,000
respectively. Dismantling charges of the old machine in
place of which new machine
was purchased amounted Rs. 10,000. Market value of the
machine was estimated at
Rs. 1,20,000 on 31st March 2006. While finalising the annual
accounts, A values the
machinery at Rs. 1,20,000 in his books.
Which of the following concepts was violated by A?
(a) Cost concept
(b) Matching concept
(c) Realisation concept
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record rejected material amount.
