It is a system in which accounting entries are made on the basis of amount having become due for payment or receipt. This system recognizes the fact that if a transaction or an event occurred, its consequences cannot be avoided and therefore, should be brought into book in order to present a meaningful picture of profit earned or loss suffered.
Please Help Members By Posting Answers For Below Questions
How to make an adjustment entry for the variation of
physical asset Vs book value of asset. For example: As per
asset register there are 1000 computers where as 950
computers are available in stores. How to make an adjustment
entries for the difference of 50 quantities?
please send me last 3 years question & solution
Could any body send me the format of Delivery Challan?
What is Even Transfer and Branch Transfer?Please let me
know if any body knows?
Can anyone give comparative data of NPA(non performing
assets) of nationalised banks or BANKS IN INDIA for the
last 5-10 years if possible with bifurcation substandard
doubtful loss asset
a) What are the Golden Rules of Accounting? What are
the 14 Principles of Accounting
when assessing the credit proposal of a prospective borrower
if he gets internal rating below the hurdle rate what will you
suggest as a banker
what is the difference between planned and non planned budgt
duties of bank finance manager
in accounts welding institute which category will come for
example 1. recruitment con.pvt ltd. is man power recruit
category ,so iwant to welding institute (learning welding
Queries for Big4 Articleship :Communication Skills & Gk?
What is DECR And for wt it is used?
in case dedit balance of solvent partner and in case
credit balance of insolvent partner what i do for accounting
on dissolution of partnershio firm give me ans. as per
garrner v/s murry rule
hi, what type of questions are asked in capital iq
interview .plz let me know.
What do you mean by Revenue? does it include the Service
Tax,VAT etc., by any chance ?
What are the accounting conventions and Practices?