Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .

3 Answers  

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What is diffrence between direct & Indirect Exp.

3 Answers  

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WHAT IS LIABILITY?

6 Answers   WNS,

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if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........

1 Answers  

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WHAT IS THE AUDIT?

1 Answers  

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what do mean by reserve and provision both are same or not?

6 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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What is Tally

1 Answers  

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I want to know service tax applicable on Packers & Movers yes or no

3 Answers   ITC Infotech, TCS,

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Whether Depreciation to be posted in debit side or credit side?

3 Answers  

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i want to know about VAT & CST (inculding its Form No.)

5 Answers   Sumeet,

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what is depreciation?

5 Answers  

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