Answer / ravindra

Accrual basis of accounting. The other form is the cash
basis of accounting, where revenue is recorded only when
cash is received, and expenses are recorded only when cash
is paid.

Answer / mahendra rajput

Accrual means the transaction still has not been occur, but
in future it will be done and for the same we do the
accounting entry in advance, it is called accrual basis of
accounting.

In sap ,company code is there.1 company has only one company code or more than one? please brief

3 Answers  

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In Proprietorship Accounting How Does The Entry Made Of Salary To XYZ When XYZ Become The Proprietor Of The company?

3 Answers  

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what are concepts and conventions of accounting

25 Answers   CDLE, Infosys, Netco, TCS,

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i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....

0 Answers  

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what is the subprime?explain it.

0 Answers  

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what will be the journal entry for this transaction? purchased furniture for personal use of rupees 2000. now tell me is it business transaction or a personal transaction??

3 Answers   ICA,

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What is the entry for payment made to the distributor after deducting TDS and adjusting the credit note raised by them. For Ex: actual amount to pay rs.1000 TDS deducted rs.200 credit note of rs.500

2 Answers  

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Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem

3 Answers  

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Answered but misspelled pl correct BOOK kEEPING IS AN ACTIVITY CONCERNED WITH (Ans.RRECOGDIN)

1 Answers  

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What is the Formula For Return on Working Capital

0 Answers   SVI,

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outstanding expenses, prepaid or unexpired expenses

0 Answers  

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What is Demat Account? what is the use of it?

1 Answers  

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