What is the revenue recognition principle?

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Explain what a deferred asset is and give an example?

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In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

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If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company

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How is going concern assumption and accounting period convention related?

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what is the formula for profitable index

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How Calculation of Bonus on Basic or Gross amount( pay in hand)?

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1. WE RUN A OFFICE IN RENTAL BUILDING, MY QUESTION IS A) I TREAT THE OWNER OF A BUILDING AS CREDITOR AND PASS JOURNAL VOUCHER IN TALLY AT THE END OF THE MONTH (OR)I SIMPLY ACCOUNT THE RENT TO BE PAID AS OUTSTANDING EXPENSES AND AFTER AT THE TIME OF PAYMENT I PUT PAYMENT VOUCHER , PLEASE ADIVICE ANY OTHER OPTION ALSO?

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sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

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what are the adjustment entries?

2 Answers   emc2,

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I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?

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Please explain about wages control account?

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