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Answer Posted / anilkdas
non performing asset.
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Explain what is involved in the process of double-entry accounting?
Why do users of accounting information need accounting information?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Define fictitious assets?
Define tally accounting
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
What are trade bills?
What knowledge should financial accountant have?
cash credit taken from bank then what is the general entry?
What are the three factors that can affect your cash flow and business profitability?
What is a cpa?
Define trade bills?
Explain me what do you think is bank reconciliation statement?
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
What is double-entry accounting? Explain with an example?
