Answer / h.r. sreepada bhagi

By mistake the above answer is posted by me here for another
query on Cost Centre.

For this query -
Month end closing of Accounts is the process of completing
all the accounting entries by the month end, provisioning
for expenses an preparation of Profit & Loss A/c for the
month and Balance Sheet as at the end of that accounting
month. The process is like year-end closing and finalization
of accounts.

Month-end closing is necessary for preparation and
presentation of MIS Report for deliberations, analysis and
decision making.

Answer / h.r. sreepada bhagi

Cost Centre is a segment of a business or other organization
in which costs can be segregated, with the head of that
segment being held accountable for expenses. Cost centers
are established in large organizations to identify
responsibility and to control costs.

Each department/division, project, office, factory, section
in a department, a process line in a factory can be a cost
centre. it may differ from company to company and may not be
uniform over different industries, companies, etc. The
purpose of cost centre segmentation is identification,
fixation of responsibility and control of costs as also
matching revenue-cost wherever possible. It also helps in
employee performance appraisal.

Answer / rohit

Month total days recorded of transction

1.All Accounts Entry Complted
2.MOnth end day closing Stock

Dear Sir, Which FORM to be used for service Tax deposit challa for security agency or is it manadatory for deposit challan online .

1 Answers  

---

Explain which accounting application you prefer most and why?

0 Answers  

---

Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??

7 Answers   Focus,

---

what will be journal entry if bussiness is started from loan.

2 Answers   State Bank of Mysore SBM,

---

1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.

1 Answers   Accounting,

---

I am confused with Capital Account and Drawings Account. Please show me "the general Journal Entries" and "Owner's Equity in Balance Sheet". (1) The owner increased his investment in the company by $10,000. (2) The owner increased his investment in the company by $10,000.

2 Answers  

---

What is the Difference between Balance Sheet and Trail Balance ?

6 Answers   Genpact,

---

i have 100 rupees. how i can divide in 21 note who is equal to 100 rupees??

5 Answers   Klash Private Limited,

---

Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

0 Answers  

---

what should by the journal entries for tds payble

5 Answers  

---

WHAT IS THE MEANINF OF BPO?

1 Answers   ABC,

---

what is Bank Reconciliation Statement (BRS) give detailed explanation with causes?

1 Answers  

---