How can you explain the basic accounting equation?

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 A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?

2 Answers  

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what is Purchase Book & sales Book?

0 Answers   EDS,

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HOW TO POST THE GENERAL ENTRY OF DEPRECIATION ON FURNITURE IN ACCOUNTING SOFTWARE FOCUS

1 Answers   DELL,

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What is the purpose of preparing a bank reconciliation and why is it necessary?

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private placement

3 Answers   Capital IQ,

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Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?

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if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

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What is the difference betwween letter of credit and contract of gaurantee.........in what situations these will issued by whom?

1 Answers  

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Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?

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Do you know what is double-entry accounting? Explain with an example?

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What are the columns of a journal?

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