what is the meaning of rates in(rent,rates and tax)
what is the meaning of contribution in margin of safety.
what is the equity? and what single entry system?
i want heavy explanation regarding these questions. thank
you in advance reply soon bye!
- 2 Answers
- 20326 Views
- College School Exams Tests, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
EQUITY
Equity is the capital or fund raised by the company through
public for it finincal need because at the bigger level all
of fund cannot be taken as a loan due to heavy interest
rate which bank charges so company goes for a public
offering by issuing shares in the market with the
guidelines giving by sebi ( security and exchage board of
india )a company cannot raised fund in excess of paid up
capital specified in the memorandam and article of
association.
Single Entry
Single entry system of accounting is that system of
accounting where an entry as single effect only unlike
double entry system having double effect it use by small
business because details are not required, the primary
bookkeeping record in single entry is cash book in which
only income and exp are recorded in short it does not serve
the purpose of accounting
| Is This Answer Correct ? | 7 Yes | 9 No |
Answer / amarjeet singh
In Single entry system of accounting only one effect of an entry is recorded. It is used by small business units because details are not required by these units. For example if goods are sold on credit to Ram Lal for Rs 5000, it will be recorded in the books as Rs 5000 receivable from Ram Lal.
The primary bookkeeping record in single entry system is cash book in which only Receipts and Payments are recorded.
| Is This Answer Correct ? | 0 Yes | 3 No |
payment voucher for advance salary
What are the transactions and journal entry involved when a customer makes purchase or does payment for his own consumption or purpose through debit card?
purchase rice 2 bags rs.7500 and vat charges @5% what is the answer...
What are the disadvantages of manual accounting?
What GP resew of balance sheet taking.
pls state ledger group in tally ? 1. input vat 2.output vat 3.cenvat credit duty 4.excise duty payable 5.service tax input 6.output service tax 7. tds payable 8. tds receivable.
how to assign the cost center to GL Account in SAP (FICO)
On monday my interview in TCS as an general accounts executive some one tell me about there process its realy urgnet for me how may process of interview i want to passout for selection and which type of question i will face at the time of intervew its urgnet for me please guide me for succuessful interview its realy needful for me my question is any one having aptitude test paper sample
journal entry for interest collected by account holder from the bank?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
How we can write in figure RS (Eleven Lacs Eleven Thousand Eleven Hundred and Eleven rupees). Please suggest me write answer.
How many types of accounts may be in a company.
Audit 
