Answer Posted / sheik

cash A/C DR

capital X A/C Cr

"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2632

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if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.

1688

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India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

2168

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What are mis reports?

1138

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WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

13964

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What software applications have your used for accounts receivable?

1115

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

2009

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

1042

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Tell us did you use accounting applications at your previous companies or prefer working manually?

1021

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What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

2316

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how to calculate vat,pf,esi,service tax in corporate firm

1968

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Why does the accounting equation have to balance?

1035

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There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

1991

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purchase plant and machinery

1557

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

2294

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