Answer Posted / madhulika2011

Difference between Reserves & Provisions.....
Reserve is to strengthen the financial position and to meet future unknown losses and liabilities.
Provision is to meet known losses and liabilities the amount of which is not certain.

Difference between Accumulated Reserves & Surplus......
Accumulated reserves which a company has put aside over a period of years.
Surplus is when there is an excess supply of a product. Prices are driven down by surpluses.

pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

2145

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What is an accounting transaction?

1064

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What are the 4 principles of gaap?

1064

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WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT

1995

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input vat, wht use in wct

2059

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Do you know executive accounting?

968

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What was your average accounts receivable days outstanding/days sales outstanding?

1044

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how to treat investment fluctuation fund in case of death of a partner

2256

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What are the functions of manger -accounts and manager-finance? Explain in detail

1014

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i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1819

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Explain different branches of accounting?

1210

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Cost Accounting

2015

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what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1881

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What are time sheets? How are they maintained?

1019

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Explain me some of the examples for liability accounts?

991

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