What is the difference between Loan and Advance?
Answer Posted / k
loan is against a security but advance is not against any security, for example vehicle loan given to employees is against the security of the vehicle and if advance is given for travel then it is not against any security
| Is This Answer Correct ? | 28 Yes | 31 No |
Post New Answer View All Answers
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
what is the meaning of 4X and 10X value in intraday market?
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
Describe me accounting rules
whether bills of exchnge can come under the category of reserves and surplus
How can I put Bank Guarantee Receipt entry in Tally ERP9?
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
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
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
In accounting, how do you define the premises?