Answer Posted / shailesh pancholi

Increase in one equity with no change in the asset will result in Decrease in another equity

In accounting, vat abbreviates what?

1121

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What is the definition of offset accounting?

1038

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What is general ledger account?

1081

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How much mathematics knowledge is necessary or required in accounting?

1018

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what is miscellaneous expenditure??

5747

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As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

1064

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what role did you play in collections?

1162

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service tax calculated on agreement value or market value whichver is higher for builders?

2296

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Is it compulsary to give TOEFL for applying US visa.

2085

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What is fitting and fixtures?

2125

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Explain me where a cash discount should be recorded in journal entry?

3978

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pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.

2003

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Under what type of account do the unearned revenues fall?

1004

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Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

5410

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Mention what are things will not be included in a bank reconciliation statement?

1138

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