Answer Posted / sangeethag

Provision entry is not compulsory. When we have not
received routine expenses like telephone expenses, postage
etc. we have to make provision for the month of closing so
that we can have exact profit otherwise the profit may
high.

Entry for provision:

Expenses (P&L) Dr. ****
To provision a/c (BS) ****

Can you differentiate public and private accounting?

1289

---

What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?

1944

---

As you know account executives need to be talented salespeople. Do you have experience making sales?

1030

---

What is depreciation and how many types are there. Please give details?

1154

---

Tell me what are the key tasks for account executive?

1031

---

What are a debit note and credit note with an example?

1077

---

WHICH QUESTIONS ASKED IN EPFO IN 2009.

1915

---

can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?

2763

---

Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help

1915

---

What are premises in accounting sense? What is vat adjustment?

1088

---

how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

2360

---

What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?

8302

---

What is balance sheet and off balance sheet?

1095

---

What information is included in a bill for services?

1025

---

ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10

2474

---