Answer Posted / zam

An important question why reserves and surplus are shown on
the assets side of the balance sheet. To answer this question
lets know about the principle of accounting "Convention of
conservatism" states that "anticipate no profits but for
provide all possible losses .Therefore reserves and surplus
are so created to meet the contingencies of the business .Here
contingencies are those obligations which may or may not to be
paid .However, in order to pose any future liability reserves
are created so that a business may not hamper on such events
and hence it the liability for the business.

WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

3468

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Expand ctc cheque?

1082

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Tell me in accounting, how do you define premises?

1183

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How can do it TDS in accounts?

2163

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what is the process of cenvat credit taken in service tax( in direct & indirect service)

3541

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How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)

1979

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give 3 reasons why capital is referred to as a special liability

1844

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what is the D.V.T. rate from 1/10/2009

2052

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Tell us what is your proudest accomplishment?

1216

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what is a difference between public and private accounting?

1200

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Tell me what is your track record for consistently achieving your targets?

1386

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what is the entry for toll gate fee

8126

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How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

27584

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what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1892

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What is the provision?

1167

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