What is payment/receipt/period accruals?
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comapny paid expense on behalf of other after due date , it recieved it, whichb type of entry company do in accounting? expense claims comes under personal account, real cccount or other?
can a company libale to pay provident fund on employee's overtime ?
what is the capital gains
CAN ANY BODY ASK ME CLASSIFICATION OF P.F RS 930 /- DEDUCTION FORM MY SALARY AS A P.F SO HOW MANY RS CREDITED IN MY ACCOUNT ( GIVE IN DETAIL )
Answered but misspelled pl correc IT Financilas means profit and loss a/c,balance sheet including (Ans.LESSEHEDU)
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Pass entry for outstanding salry for the month of March paid in the month of April
for life insurance company, premium received from client is an asset or a liability.
WHAT IS THE MEANING OF DEPRECIATION ?
What is meant by consignment
why balance sheet should always tally?