Tell me what is accrual accounting?


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More Accounting General Interview Questions

2. Cash Break Even: SIPW Company sell windows. Windows are sold for $ 25/- each. Variable cost is $ 15/- per door and total Fixed Operating Costs are $ 50,000 /- which includes depreciation in the amount of $ 2,000/-. How many units of windows the company has to sell for Cash Break Even?

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Explain me the basic accounting equation?

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What is book Pfofit ?

3 Answers  


If i paid cash to my merchandiser(employee) in his imprest account.& if he is not able to arrange the purchase bill than how will be his account settled or what will be the entires for this process.

1 Answers  


why we multiply no. of purchasing year with average profit

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Explain the Steps to transfer the data from AP to GL

0 Answers   Accenture,


How can we explain what is an asset, consumable, stock, store item ? What are the essential differences?

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What is the difference between Secured Loan & Unsecured Loan?

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which will be the assessement year for2010-11.

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BANK

2 Answers   Bank Of America,


I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

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What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?

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