what is basic general accounting.
- 1 Answers
- 2052 Views
- Genpact, Helios Pharmaceuticals, I also Faced
- E-Mail Answers
Answer / Ravi Gupta
Basic General Accounting refers to the fundamental process of recording, summarizing, analyzing, and reporting financial transactions. It involves organizing and maintaining a system for keeping track of a business's financial activities in order to present an accurate picture of its financial status.
| Is This Answer Correct ? | 0 Yes | 0 No |
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
what is the princple of debit & credit?
Dear sir, previosly i worked with hospital there i maintain only accounts only in tally, but now iam change my company to manufacturing unit there they using accounts with inventory there when we open tally i finding more options why?
Given the following entries from a TRIAL balance, what entries would fall where in a Balance Sheet & an Income Statement? Accounts receivables Merchandized inventory stores supplies office supplies prepaid insurance accumulated Dep accounts payable sales salaries advertising expense Miscellaneous expense Office salaries expense rent expense Depreciation expense Insurance expense Bad debts expense Allowance for doubtful debts Supplies expense
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
I would like to know about advance payments to creditor & advance received from debtors in Tally ERP 9. For example, what are the ledgers should I create & what are the steps ? And please inform me what vouchers should I use for advances, for example ( payments, receipts and journal). Thank you.
Wha is difference between expenses and expenditure
Does paid up capital include Advace against Capital or Calls in Advance for calculating Networth of A company
Explain the accounts payable cycle
prepare theree column cash book from the following details on 3/2/06 1 balance (in hand) in the beginning 25,000. 2 recived chaque from x worth 5,000 3 deposited the same cheque into bank on next day 4 deposited 5000 into bank 5 withdrew 1,000 for personal use
Tell us did you use accounting applications at your previous companies or prefer working manually?
Audit 
