Answer / priya jain

Hybrid System is not a system of accounting on its own. It is a combination of the Cash Basis Accounting and Accrual Basis Accounting. This system is based on the concept of conservatism.
Under the hybrid system of accounting, incomes are recognised as in Cash Basis Accounting i.e. when they are received in cash and expenses are recognised on accrual basis i.e. during the accounting period in which they arise irrespective of when they are paid.

Expand---------MDTR

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dada proposed to start a business. He had only N10,000 which was not enough to start the business, he got a loan of N10,000 from his bank

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When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.

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Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me

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What goodwill.

2 Answers   HP,

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Ramana,our customer directly deposited into our Bank a/c

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This question mainly related to pay rolls in excel could i get the formulae for this an employee is working 8 hours in the company the excess of eight hours will be treated as o.t

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Expand----------CMST

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if the balance of the supplies account on January 1 was $500, supplies purchased during the year were $1750, and the supplies on hand at December 31 were $300, the amount for the appropriate adjusting entry at December 31 is?

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Credit Paurchases

15 Answers   Genpact,

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Mention all examples of Assets and Liabilities in a Balance Sheet?

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What are the differences among Mortgage, Pledge and Hypothecation ? please any body reply me in simple language as I have read many articals on it still I find my self anble to explain it, I always get confused. If want to tell personally please send me email or add me on Gtalk My ID is rohitash.shrm@gmail.com Thanks

4 Answers   HDFC,

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