How do you prepare a balance sheet from a trial balance?
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Explain the accounts payable cycle
in tally software, how is the entry for stock brought by owner in to the business as capital?
Re: one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction. (the answer is neither 750,1000,1250,1500,1750 nor 2000) please reply the answer because its urgent with the explanation of u'r answer thankyou.
why only 6 months interest is charged on drawings
2- What is the difference between cash book and journals?
what is the difference b/w gain and profit?
Why don't calculate the depreciation on Land & Devlopment.? Explain.
What is account payee cheque? Expand ctc cheque?
what is capital and revenue expenditure
What is Excise Duty ? How its entry will be passed in accounting book ?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?