Answer Posted / rraghu142
share premium means , a company can issue the share face value
or face value with extra value .in this case while co issued
more then the value of it s sharew that time share premium
credited
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What does overhead mean in regards to accounting?
What is the difference between perpetual and periodic inventory systems?
Define executive accounting?
Tell me the meaning of long-term notes payable is or long term liabilities?
Explain me what is assets minus liabilities?
what is subscription order
Tell us did you use accounting applications at your previous companies or prefer working manually?
Who is debtor purchaser
what is the head for stock trnasfer
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?