Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / suresh dhami
Accountancy is a father of a account & account is a son of
the accountancy. Accountancy is related to the senior level
post i.e finalization of the books of accounts.
and accounts is simple to maintain books records.
| Is This Answer Correct ? | 1 Yes | 6 No |
Post New Answer View All Answers
What are the basic assumptions in accounting?
What is customer account?
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
Explain the Invoice verification process
What qualities have you got that would make you a good accountant?
i want to wearies heads under direct expenses and indirect expenses
formula of reduction in tax credit of vat form 201(gujarat)
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
What is an interlocking accounting system?
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
What are the differences between accounting and auditing?
What does the investment of personal assets by the owner will do?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
Where a cash discount should be recorded in a journal entry?
