Explain what is double-entry accounting? Explain with an example?

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purchase return liability or asset?should it be included in the balanced sheet?

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Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.

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Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

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securtralization?

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WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.

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Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

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Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 5) If cheque is received from the tenant, journal entry=? 6) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.

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Define retail banking?

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Give ONE reason for Balance Sheet to be out of balance

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what is the difference between journal entry and journal voucher

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what is accpunting ? What is intangible Accounting? What is Gross profit ? what is Net profit?

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