Answer Posted / vijay gawalkar
In accounting the separate entity concept treats a business
as distinct and completely seprate from the owners. It is
necessary to record the business transactions separately to
distinguish it from the owner's personal transactions. This
concept is now extended to accounting for various divisions
of a firm in order to ascertain results for each division.
| Is This Answer Correct ? | 52 Yes | 5 No |
Post New Answer View All Answers
fd redeem interest and principal entry in tally
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
What exactly balance sheet depicts
Short Answer on _______Appropriation
Expand---------OST
i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.
What is invoice accounting rules?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
Tell me the steps for Import and Export Thanks
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
What is wealth maximisation
Please share different type of Z report
Hi friends ineed finacial analyst interview question Pls share it
Provision of Bad Debts is made in compliance with the convention of -----------
