in Accounts we are using provisions ? what is provisions?
Answer Posted / prasant m
We have done some expenses but invoice or bill not yet
received but expenses related to current month for that we
passed an entry against those expenses with approximate
value or previous comparison value ,it is an activity
perform end of the month we say month end closing activities.
Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
in a every intervew asking one common question why you are living current employer, which is the best answer
wHAT ARE EVENTS
Interest earned on investments is an__________
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
what is portfolio Saint?
What is revaluation of Accounts, how does it is accounted in business
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
What is Goods Lost by Fire/Accident/Theft ?
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
For what purpose ERS is used for?
What is corporate restructuring?
what is meant by cash purchase?
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
I want to know with example of vat & Salestax
how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?