Answer Posted / neha jain

Trading a/c, P&L a/c & Balance Sheet is created on the basis
of the given particulars. Purchases & Sales are directly
related to trading a/c & all the expenses which is directly
related with sales & purchase is under trading a/c. It also
includes the expenses which is directly related to factory.
P&L a/c includes all the indirect expenses & the Bad debts
& depreciation is also under this a/c. Balance sheet is the
summation of the trading & p&l a/c. It states the financial
position of the company.
Bank Reconciliation means to recheck or verify the bank
statement with our book.

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1996

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---------is the main or principle book of accounts

1883

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What is the use of final account?

1858

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WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?

2229

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why the RRB'S not lend loans directly to farmers?

2055

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What do you think you do well?

17335

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2200

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2121

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i am the student of icwai (intermidiate) What is the tds and how use the different state ..

2134

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2389

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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

1385

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when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

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Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it

2297

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A----------involves transfer of money or moneys worth from one person to another

1931

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