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define the REVENUE
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Answer / triloksharma71
For a company, this is the total amount of money received
by the company for goods sold or services provided during a
certain time period. It also includes all net sales,
exchange of assets; interest and any other increase in
owner's equity and is calculated before any expenses are
subtracted. Net income can be calculated by subtracting
expenses from revenue. In terms of reporting revenue in a
company's financial statements, different companies
consider revenue to be received, or "recognized", different
ways. For example, revenue could be recognized when a deal
is signed, when the money is received, when the services
are provided, or at other times. There are rules specifying
when revenue should be recognized in different situations
for companies using different accounting methods, such as
cash basis and accrual basis.
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Answer / satyaki_raju@yahoo.com
Revenue is the receipt of the business enterprise thru sale
of products and providing service
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WHAT TYPE OF APPTITUDE TEST OF ACCOUNTING?
Expand C T C
Transfer nett profit of Rs 325000/- to Reserves and Surplus
DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
what is the diff b/w manufactring a/c & trading a/c?
What comes under the head SHARE CAPITAL in Liability side . say in proper order.
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
why net profit is added to balance sheet, is there any reason
One bill how calculate vat & Service tax
WHAT IS THE MEANING OF CREDIT WORTHINESS?
7 Answers Capital IQ, Finance,
hi friend iam looking for a Accounting job can any body help me for the interview questions. can any body send me the Accounts intervoew questions please this is my email:-subhashnaidu1984@gmail.com
Assets are held in the Business for the purpose of____________________
Audit 
