Answer Posted / sornavalli
trading account
prepared to know the trading results of the company
to find gross profit of a specific period
sales - cost of goods
p/l accounts to find the net profit of the concern
allows to enter indirect exp &incomes
prepared from nominal accounts and transvered to capital
accounts
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
What do you debit and credit if discount allowed is underrated?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
how to account branches in tally
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
How the Depreciation will calculate in Company?
Other accounting interview questions to expect when you interview for an accountancy job include:
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
When Tds is applicable to deduct and wht is rate for different work panel?
What are control ledgers? What are the purposes of maintaining it?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
whats difference between manufacturing account & cost account
What is the general entry for charge on bank overdraft
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.