Realization concepts of revenue?
Answer / anupama
realization of revenue means the revenue is said to be
realized when the goods and services are delivered not at
the time when cash is received. for ex: if someone sells
the goods on credit on 1st april 2009 and the cash is
received on 1st aug 2009, we considered the revenue is
realized on 1st of april 2009 not when the cash is received.
Is This Answer Correct ? | 7 Yes | 4 No |
Car purches from Amar Traders of rs- 2000 Payed in cash.This is a journal entry (open F7).
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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
How to pass journal entry for vat return entry
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what do you mean by fixed asset?
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MY COMPANEY PROVIDE SERVICES OTHER PARTY BUT OTHER PARTY DEDUCTED TDS SO PASS ENTRY IN A/C
What is Direct Debit
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
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where can i get the Balance sheet (graph) for Muthood Finance ltd. (profit and Loss sheet)
---------is the main or principle book of accounts
What is the meaning of Debt reconciliation and how to do debt reconciliation?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).