Answer Posted / ameet narayankhedkar

In accounting, we have 3 categories: Assets, Liabilities,
and Equity.

Equity is the difference between your Assets and your
liabilities.
Liquidity refers to how easy you can convert an asset into
cash.

EX:Houses would be illiquid and things like stocks are
probably more liquid

what is groups and and ledgers in tally can you give why we need to prepare them

2513

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3760

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Tell me deferred taxation is a part of which equity?

1000

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Define fictitious assets?

1256

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bank jobs

2123

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What is a ledger in regards to accounting?

1134

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Do you know what is icai?

1120

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i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u

5624

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In which account does the unpresented cheque will get recorded?

1118

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while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2405

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are tpt, freight & packing charges part of sales & purchase ??

2139

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What is capital adequacy ratio? What is demat account?

1074

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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.

1935

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what is one way , two way matching , three way , four way matching ?

1849

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Explain what makes a successful account manager?

1022

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