Answer Posted / h.r. sreepada bhagi
The purpose of any business is to earn money. To know how
much profit has been earned or how much loss has been
incurred during a a certain period (Say month pr year), and
the position of assets & liabilities at the end of that
period, Profit & Loss Account and Balance Sheets need to be
prepared. Prerequisite for preparation of these financial
statements is systematically & logically recorded business
transactions during the year.
In short to accounting is required to know the result of
business operation and status as on a particular date.
Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
can i material bill book in miro without vat on transport charges ?
could i know how to accounting lease intrest ?
SHADOW BALANCE SHEET
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
Define depreciation and its types?
What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
i want to know f form and how to use and how can purchase
Tell me an example of a tough decision that you had to make?
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
journal entry for goodwill and capital bought by a new partner?
What is Capital Commitments means?
What is account in accounting?
we can transfer stock between two firms with same name but prop. is different.
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.
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?