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Mention in simple terms what is the difference between asset, equity, and liabilities?
Do you know what is balance sheet?
Explain what a deferred asset is and give an example?
How to prepare finalization accounts?
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
what will be the entry for inventory
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
Do you know what is icai?
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
all GL Related Interview questions with answear
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
Do you know any other accounting application?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
Please let me know Under head of Sales Advance?
Tell me what is reversing journal entries?
