Answer / mudunuri

Purchase is meant for sale or Consumption in the manufacturing process or consumption in the execution of contracting works. Hence purchase of asset should not be treated as purchase

What is the meaning of scrap value in accounting?

0 Answers  

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Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?

2 Answers  

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what diff. between current assets and non current assets? with example.

5 Answers   Rahul Computers,

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My Annual salary 180000/- and house rent income 24000/- and for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim so please explain me with detals how caluclate the tax which is paid to department. Please give all details of calucation.

4 Answers  

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tell about "E1" form

2 Answers  

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What are the major components of country's trade account?

0 Answers   Franklin Templeton, Industries Promotion Officer, Wipro,

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What are the difference between P/l a/c and income and expenditure

12 Answers   Genpact, IBM,

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

0 Answers   SBS Institute,

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steps for finalisation of accounts and related entries

2 Answers  

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what is service tax rate for company/ indivisual?

1 Answers  

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how we maintain account for a coaching institute?

2 Answers  

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Which type of transactions are used in TallyJournal?

3 Answers   Optimus,

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