What is an Acrual Interest? In which side of the Balance Sheet, it should be shown????

13 Answers   ABC, ICAI,

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How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

5 Answers  

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Expand C C A

1 Answers  

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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%).

0 Answers  

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what is the difference between valuation class and valuation area in sap FICO

1 Answers   Cap Gemini,

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Expand----------MSRT

1 Answers  

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the bank revised the late payment penalty charges to $750 and to the borrowers A/C, pass the journal entry for the same

1 Answers   Ocwen, Oracle,

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how to prepare mba finance for interview questions

0 Answers   IBM,

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what is the difference between gross profit and net profit?

7 Answers  

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What is Provision for expenses?

0 Answers   ThyssenKrupp,

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what is accountig methods?

9 Answers   Genpact,

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If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

0 Answers  

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