Answer Posted / avi singh

Opposite of recieved cheque?
Bank a/c Dr.
To Party Name

How many invoices on average do you handle on a weekly/monthly basis?

1242

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Explain me what makes a successful account manager?

1048

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what is the relationship between cost accounting financial accounting and managerial accounting?

1027

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sale cycle

1911

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How to pass an general entry for materials which are stored in warehouses??????

2283

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Explain me what do you think is bank reconciliation statement?

1082

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Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2852

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What is the difference between perpetual & periodic inventory system?

1046

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How to prepare HSD statements in tally

2230

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Tell us what kind of work environment do you prefer?

1097

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What is the difference between consigner and consignee?

1060

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Can you differentiate accounting and auditing?

1077

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how much cash transaction to single transport company per day and also per year

1577

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Tell me how much statistics knowledge is necessary or required in accounting?

3977

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My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?

1570

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