Answer Posted / yogendra.c
Simple Example to understand Normal & Abnormal Loss:
Normal Loss:
------------
small amount of milk vested when you opened a packet of milk & pouring to vessel or container
Abnormal Loss:
--------------
Loss of milk, when you forget to keep the milk for 1 or moreday in fridge because of your carelessness.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is addition of Opening Balance and net profit transfered from profit and loss account called
Tell me what is project implementation?
What is trial balance? What does an accurate trial balance suggest?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
How is the accounting for hire purchase transactions done?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
Tell me what is public accounting?
How calculate holding company account?
what are the limitations of accounting conventions
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50
Tell me what are things will not be included in bank reconciliation statement?
formula of reduction in tax credit of vat form 201(gujarat)
What is the basic accounting equation?
what is "goodwill" reserve and surplus and reserve with example