What is Reserve & Surplus? Plz give me with some Example.
Answer Posted / khushi kabra
Reserves and surplus are mainted for future uncertainites by business . Eg: WACF (workmen accident compensation fund), BDR(bad debt reserve),depreciation reserve,p/l credit Etc.
| Is This Answer Correct ? | 16 Yes | 10 No |
Post New Answer View All Answers
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
Define public accounting?
Do you know what is project implementation?
Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?
how to calculate the per unit cost of production
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
Did you use accounting applications at your previous companies or prefer working manually??
If a transaction was missed completly how do you find it?
Role-specific management accountant job interview questions:
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
what is core accounting?
What is accounting chart of accounts?
can any one tell what is the selection proces in cognizant for MBA finance