Why the provision is considered as expense and reserve is considered as liability even if they both are allocated as precautionary for specific and general purpose? pls Explain.

1 Answers  

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Is the Bills payable is personal account ?

2 Answers   Income Tax, Josts Engineering Company,

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What is the reason for balance sheet not getting talleyed?

3 Answers  

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What is the difference between deferred revenue and accrued revenue?

0 Answers  

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What is LIFO and FIFO ?

5 Answers  

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does goodwill depreciates ?

4 Answers  

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Explain what does the standard journal entry includes?

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one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction.

16 Answers  

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In which we will use Annuity depreciation method?

1 Answers  

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pls let me know double entry of 'LEASING"

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3 dost 1 hotel me khana khne gye to unhone 75 rupye diye aur hotel ki malik ne unhe 5 rupaye wapas diya aur 2rupye water ne rakh diye aur une 1,1 rupye diye aur 1 rupya kha gya

2 Answers  

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What is difference between Cash Flow and fund flow

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