Can u please send me a set of accounting base questoin with
answer,genraly ask by interviewer?
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what is contingent liability
pls tell me tds new rate 1/10/09
april'13 salary we paid in aug'13 what is the entry in books
what is difference between share and equity
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
What is the provision? What is the entry for provision?
WHAT IS JOINT PRODUCT AND BY PRODUCT
If I purchase and sale of goods at same price then effect in trading, P & L A/c
Why we debit expenses and credit incomes ?
What will be entry for that: Busines strarted with brrowed cash Rs. 25000 from Mr. X. if capital will be creadit. Why?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
who is debtor and creditor?