Answer / ankur garg

reserve- part of profit kept for use in future in business
fund- when the amount of reserve is invested outside the business in readily saleable Govt.securities/investment

Which reserve comes on the debit side of Balance Sheet?

3 Answers   TATA,

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How to create a Interest Invoices

0 Answers   Accenture,

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what is the difference between an A/C Payee cheque and a bearer cheque?

1 Answers  

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Balance Sheet comes under which account? a)personal a/c, b) real a/c, c) nominal a/c

4 Answers  

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can anyone help in service tax part if we give a service on credit basis (Credit invoice) how should we pay service tax on invoice basis or reciept basis

1 Answers  

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From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast

0 Answers  

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ABC Ltd is a company. Can ABC ltd send debit note to debtors?. what are you situation to send debit note to debtors ?

1 Answers  

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difference between loans & advances

2 Answers  

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Diff between Net profit & Gross profit?

12 Answers   HCL,

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I have recieved a payment from hmrc on Friday morning and by the afternoon it was removed from my bank account by contra entry what does this mean? Will I recieve the money?

2 Answers   ME,

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Bank charges rs.100 debit/credit only in brs, where u can Posted entry,add or less in as per cash book/passbook

2 Answers   FIC,

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Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?

1 Answers  

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