Answer / Umesh Srivastava

Double entry bookkeeping involves four main types of accounts: assets, liabilities, equity, and revenues and expenses. Assets represent what a business owns, liabilities represent what a business owes, equity represents the owner's investment in the business, and revenues and expenses help track income and expenses.

Mention what does the investment of personal assets by the owner will do?

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Factors that affect the requirement of working capital ?

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Which type of stock show in trail balance. Op. Stock or Cl. Stock & Why?

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have you ever been involved in an invoice dispute? How did you manage the problem?

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What is the treatment of preliminary? is this current assets?

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IRR and NPV

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Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

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If A is Employee of the co. his salary is 100000 per month. tds is 20000 Rs. Professional tax is 200. then please tell me how to enter in Journal & payment vouchers in tally

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What do you think is a bank reconciliation statement?

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What is Trading Account? What is the significance of this account?

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in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

1 Answers  

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Amortization

2 Answers   Bank Of America,

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