under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent

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what are accounting standards

1 Answers  

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why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?

1 Answers   DuPont,

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Dear sir, previosly i worked with hospital there i maintain only accounts only in tally, but now iam change my company to manufacturing unit there they using accounts with inventory there when we open tally i finding more options why?

1 Answers  

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Why we debit expenses and credit incomes ?

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what is differnce between balance sheet of a bank & a company

0 Answers   Banking, Standard Chartered,

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A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000

2 Answers   IMT, Wipro,

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What is a Special Calendar and its types

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HOW TO CALCULATE INPUT TAX CREDIT (ITC) ?

3 Answers  

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What is the difference for calculation Depreciation as pert Companies Act and Income Tax

1 Answers  

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LIQUIDITY

1 Answers   Bank Of America,

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A=27, B=63 What is d % Difference between 2?

1 Answers  

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