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"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
2049What is the Journal entry of the Transaction -- The Horse bought on April 20 died , its carcase was sold for rs.50. also tell me what is treatment in P/L A/c and Balance Sheet.
4 22580We may get profit or loss from business. If so we can name the statement as Profit or Loss account. But since a long time we are naming it as Profit and Loss account. Why?
1 3368Post New Accounting General Questions
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
Tell us what is your proudest accomplishment?
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
What are negative postings?What are Credit memos ?Payment Requests ?
What is account receivable?
How do you handle rejection?
Explain me bills receivable?
When Start Service Tax Deducted? How Many Percent is deduct? Service Tax deposited Date in Current 2011.
Tell me the types of accounts involved in double entry book-keeping?
How familiar are you with crm?
Why an Expenditure is called Differed?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
what is the last date of deposit TDS on liability for the assessment year 2010-11
Explain what a deferred asset is and give an example?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
