Interested to Buy Any Domain ? << Click Here >> for more details...
If you are making a transaction of Cash Purchase on 30th
March and your accounting period ends on 31st March. Does it
affect the Current Asset of the Company?
- 5 Answers
- 8560 Views
- FIC, I also Faced
- E-Mail Answers
Answer Posted / ram
NO,it doesn't effect current assets,because once cash
purchase is done,cash balance will be reduced as well as
inventory balance will be increased. (i.e net effect of
current assets remain unchanged).
| Is This Answer Correct ? | 16 Yes | 0 No |
Post New Answer View All Answers
who introduces the single entry format?
how to mention last year profit of ay private limited company in current year balance sheet ?
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
Give a brief explanation of the fundamental accounting concept of prudence
Clasify Loss
which are the basic princeples of accountancy... with examples
Difference between nonoperating expentiture and non cash expenditure
Which document should be attached with purchse & sales invoice?
Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return
what is duties and responsibilities for clark working in sbi
impairment & Amortisation Means
which kind of expenses or Income will come under direct expenses or Income ?
What are the general Ledgers?
what is operational risk and market risk in basel 2 norms.
Anyone whose sbi interview has been over , please share all the question asked by them
