Answer Posted / pavithra
There are 2 types of invoices
Purchase invoice and
Sale invoice
Is This Answer Correct ? | 36 Yes | 8 No |
Post New Answer View All Answers
What does the word credit mean in terms of accounting?
What is the entry for provision?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
what are the disadvantages of back-flush accounting?
Tell me about an invoice discrepancy you discovered and how you resolved it
i am normally accountant. i am not a CA. then i learn a account maintain
What do you mean by balancing of ledger account?
how many times we can deposit the old currency in one a/c in the bank
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
Tell me why did you select accounting as your profession?
when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.
Do you know what is double-entry accounting? Explain with an example?
What is short term solvency ratio?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.