Answer Posted / smita

when provision is made:-

salaries Dr.
To prov. for salaries A/c
To Bank A/c.

P&L A/c Dr.
To Salaries A/c

When provision is reversed :-

Prov. for salaries A/c Dr.
To Bank A/c.

What is balance sheet and off balance sheet?

1154

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What are time sheets?

1134

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What is the use of accounting?

1147

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What is cash flow and fund flow?

1142

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IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

2211

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if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?

1585

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iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

2060

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1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

2003

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Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1925

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Do you know public accounting?

1111

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Explain what a deferred asset is and give an example?

1158

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What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

4797

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What is project implementation?

1109

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Who uses accounting?

1189

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What is consignment cycle.?Explain the steps involved in the Consignmet..?

1630

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