Answer / ravindra

its calculate on year end those expense are period end after 31st mar like electricity exp. telephone exp.etc. e.g. like period 25.03.2015-24.04.15 in that case we have to take provision for book exp. 25.03.15 to 31.03.15.

Answer / anilraj t

Provision Means expected expense pertaining to partiicular period which is booked in that period and paid immediately sub seeding period.
Ex: Every month end creating provisions for salaries and paid later in subsequent month
What ever payables coming in Accounting just remeber it is a provision made.

O2C cycle with which accounts get effected

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Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

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Why does the accounting equation have to balance?

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Tell me why did you select accounting as your profession?

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as  per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

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how we maintain account for a coaching institute?

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Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.

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hi...this is chaitanya fresh bcom computer graduate i need job in finance feild will i get in genpact, deloitte, bank of america, or any other mnc...?

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what are GAAP items and examples of such?

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Our company given party to employees. this expenditure which account head booked ? please tell me

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What Is Depreciation, and from which date do we charge Depreciation for an asset ?

1 Answers   EDS,

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what the three thing that can not make accounting statement balance?

1 Answers  

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