Explain what is liabilities and what all does include in current liabilities?

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WE have paid two month Advance salary on dated 03 June 2010. What will be journal entry inthe month of june for advance payment. And what will be journal entry in the month of july and August for salary adjustment.

5 Answers  

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What is ‘Dual Control’ in Master Records?

1 Answers  

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What will be the journal entries in case of tax collevted at source.

1 Answers  

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How tha valuation of Inventory should be done?

3 Answers   Deloitte,

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During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

0 Answers  

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What is reversing journal entries?

0 Answers  

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what is contigent liability

5 Answers   Genpact,

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Differentiate accounting and auditing?

0 Answers  

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Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me

2 Answers  

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Maintaining books of accounts (Cash, Petty Cash, Bank,

1 Answers  

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i, transfer to capital redemption reserve is not allowed from A, GENERAL RESERVE B, PROFIT PRIOR TO INCORPARATION C, RESERVE FUND D, NONE OF THE ABOVE

1 Answers  

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