Answer Posted / manish.p

The debit balance in P&L A/c represents Loss which is shown
om the asset side of Balance Sheet as a separate line item
as per the requirements of Schedule VI of Companies
Act,1956.This is because it is a fictitious asset.However
if the company has adequate surplus then it should be set-
off against it and only the net balance of Reserves shown
on Liabilities side.

What is the analytical way of accounting?

2369

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A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1904

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Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations

2271

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can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....

2298

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how to calculate stt

2813

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HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?

2018

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---------is the main or principle book of accounts

1904

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WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?

2082

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what is difference between venture capital financing and equity financing?

2162

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what are the importance accounting entries for AP and AR process in interview..

1708

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you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2747

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hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.

2186

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What is revaluation of Accounts, how does it is accounted in business

2028

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Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?

2275

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what is dividend? how do the use an accountancy?

2071

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