Answer Posted / shaik.sikander pasha

receivable

customer purchase any product from us we ll receive
the amount from the customer
dr the receiver
cr the giver

payable

customer by a product from us on credit, he has to pay
the amount before due date

If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company

1561

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my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

1412

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When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.

2078

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What is meant by partitioning?

1250

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What do you mean by Bill of Exchnage.How to manage ? Explain

1890

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Tell me why did you select accounting as your profession?

980

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Tell me what a deferred asset is and give an example?

1132

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What was your average accounts receivable days outstanding/days sales outstanding?

1092

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Tell me what are the three factors that can affect your cash flow and business profitability?

1032

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What are the objects of cost accountancy?

1159

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If a prospective client kept presenting you with excuses not to buy, what would you do?

1143

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What is book profit? How it was calculated

6464

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One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)

2596

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How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

1844

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

2431

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