Answer Posted / b.vijaya bhaskar reddy
Revenue is NOT the same as sales.
Revenue is the total of ALL income to the company, from whatever source.
Profit is what's left over after ALL expenses, not just the expenses of prosucing the products.
| Is This Answer Correct ? | 15 Yes | 3 No |
Post New Answer View All Answers
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
How to Automate requirment mapping in QC?
How can you define departmental accounting?
WHERE WE CAN USE VAT 5%,14.5%
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
is WCT aplicable on educational institutions also??????
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
why creditors a/c dr. to discount received a/c ?
what is service tax & excise? How will it be charged?
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
What is the provision?
Why are accounting standards necessary?
how to get a job in stock markets for MBA-FINANCE?
