Answer / ahmed

prepaid means The payment is made in advance and will be booking expenses monthly basic.
for example prepaid expenses are rent insurance etc etc

accruals means the expenses for the present month will be effected to the next month

for example salary, electricity,telephone bills

. Expenses a/c. Dr. To vendor a/c. Cr. What is an impact of this transaction on business

2 Answers   Genpact,

---

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

2 Answers  

---

What are negative postings?What are Credit memos ?Payment Requests ?

0 Answers  

---

Calculate the total Depreciation for four or five Years so give example?

1 Answers   EDS,

---

Dividends are usually paid as a percentage of ______ (a) Authorized share capital (b) Net profit (c) Paid-up capital (d) Called-up capital

3 Answers   Firm, Wipro,

---

what is accrued expense

4 Answers  

---

i dont know to calculate sales tax. how to calculate sale tax and what are basic procedure to calculation sale tax. i want basic procedure. any to know calculation of sales tax please send my mail. my id: rajendiranraje@gmail.com

1 Answers  

---

what is balance sheet?

3 Answers  

---

Outstanding Expenses are the examples of

4 Answers  

---

What are mis reports and how do you prepare it?

0 Answers  

---

Explain in simple terms what is the difference between asset, equity, and liabilities?

0 Answers  

---

What is the meaning of GAPP?

12 Answers   Ernst Young, Inventory,

---