Answer / ovenkat4

The accounting cycle is the process of rotating the financial balances of the company. The accounting process is Journals, Book keeping, Ledgers, Subsidiary books, Trail balance, Profit and loss a/c, Balance sheet. This is the process, then the process will start from the journals, automatically this process is runes in the organisation.

the amount paid aganist the outstanding salary and the amount paid aganist the loan (liabilities)-how and where to make an entry?

2 Answers  

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sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.

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If we get TDS certificate after audit whareas this certificate is related to same financial year,in this condition how will we consider tds or can we take this credit in next f.y.?

2 Answers  

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how do we pass the Entry for Reserves? and What is the Meaning of Surplus?

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Where is Profit and Loss posted in a balance sheet?

8 Answers   EXL,

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WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET

1 Answers   MNC,

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Purchase returns?

2 Answers   ACS,

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what are the entry for payment of city bank credit card through hdfc bank in tally 7.2 ?

2 Answers  

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What is the rate of claiming Input service tax i.e 20% or 100% o

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what is the maximum no. of persons/members in a private limited co.

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What is the meaning of Journal Voucher? when u have to use this transaction tell me breif?

4 Answers  

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Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

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