Answer Posted / umesh kanchan

simple

b/s is a statement of accounts which has to tally because

we practice double entry system

one debit & one credit

What is the difference between lc and bg(letter of credit

1478

---

Tell me in balance sheet, where do you show tds?

599

---

why i want to join Hawkins company

1816

---

Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1403

---

What is the difference between trial balance and general ledger?

626

---

---

what will be the entry for inventory

1611

---

Tell us depreciation and its types?

640

---

What steps would you take to locate the errors in case trial balance disagrees?

624

---

Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.

1659

---

Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

2356

---

Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

1561

---

Explain what is liabilities and what all does include in current liabilities?

648

---

what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

1455

---

Tell me what steps would you take to increase revenue for this company?

597

---

what is the head for stock trnasfer

1685

---