Answer Posted / mohammed enayath ali

A. accounting is a process of recording, classifying,
summarizing, analyzing and interpretation the financial
transactions.

a)Recording: done in journal.

b)Classifying: The work of classifying done in ledger books.

c)Summarizing: This involves presenting the classified data
in a manner which is understandable and useful for internal
end users. This process leads to preparation of the
fallowing statements TB/P&L/B/S

d)Analyzing: Method of classification of the given in the
financial statements (differentiate assets and liabilities)

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sort out the difference between service provider & service reciepient from the service tax.

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Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?

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EXPAND______________ICC

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We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

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Expand------------STRA

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Expand-------ANTS

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what is difference between account and accounting

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