Answer Posted / naveen kumar.karumuri

Profit and Loss is prepared for the To know the financial position of the during business of the Organisation.Whether is loss or Profit,
For Ex.Salaries paid to during the Month/Year
Administration Exp
Depreciation
---------
Income And Expenditure Accounts are prepared for Non Profit Organisation.

Ex.Charities,Subscriptions,Donations etc.

Thank You

Naveen Kumar.Karumuri
Accounts Executive

Do you know what is the importance of team work in this position?

1081

---

Describe me accounting rules

1995

---

what made you take up present subject/area of specialization and what would you define as your career objectives

2212

---

is we can prepare any account for partnership in tally

3774

---

in trading credit why does goods sent on consignment come?

2093

---

What is the use of 2a, 2b & 2c form in CST ?

2585

---

adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1809

---

A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

4894

---

we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

3497

---

Explain what does financial statement of the company includes?

1131

---

What are the criteria for accounting job?

1968

---

Tell me what is working capital?

1203

---

what do you mean byrecoupment of shortworkings in royalty accounts

3964

---

What is service tax & excise?

1158

---

what is bank aceleted?

2137

---