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What is the new name for Stock exchanges ? (recently)
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its MCX-SX -
Metropolitan Stock Exchange of India Ltd
approved by SEBI
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what is taxation
What is the Difference among COST,PRICE and VALUE?
AS 2 deals with
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Define Salry for the following purpose 1.To calculate HRA
What Settlement details are required on the delivery instruction slip?
How do we treat Bad debts... how to create provision/reserve for bad debts? show an example journal... for creating provision and then writting off debtors
7 Answers Axis Risk Consulting,
How to treat the provision for bad debts which appear on credit side of the p&L A/c.
6 Answers Abhivrudhi, Capital IQ,
Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem
Can grants made in stage payments but not yet received be accrued as grants receivable?
what is the difference between provision for bad debts and reserve for bad debts?
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
Audit 
