Interested to Buy Any Domain ? << Click Here >> for more details...
what is the nature of accounting function ?
- 1 Answers
- 12754 Views
- Karnatak University, I also Faced
- E-Mail Answers
Answer Posted / parveen
1. It is a service function
2. An advisory function
3. Analysis Assets and Liabilities of business
4. Analysis Expenses and Incomes of business by its
nature and function
5. Act as a controlling tool for business
6. Helps in comparing with set standards
7. Presentation of financial activities of business in
the form of reports
8. Helps in management decision making
9. Analysis and computation of cost of
production/rendering service
10. Taking corrective measures in minimizing losses and
maximizing profits and dividend
| Is This Answer Correct ? | 10 Yes | 8 No |
Post New Answer View All Answers
what is the system of accounting and banking in cooperative bank?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
where we have file E-returns in SAP FICO-CIN/Wtax?
when calculating for np% do i include interest or do i take it off
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
What problems might be encountered if there were no accounting standards?
What three Specific Job Positions do you target from the Industry
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in
euro currency market
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
What is fixed liabilities
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Which document should be attached with purchse & sales invoice?
