Define a Promissory Note
Answer / vignesh
It is a negotiable instrument which promise to pay debt
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what is provision?
what is the difference between billable and nonbillable expenses?
expand W C T
explain about APP in SAP fico module?
Short Answer on ______Transaction
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
What is mean by Forex accounting
Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.
Expand----------RRM
Is depreciation a expense or income?
how to mention last year profit of ay private limited company in current year balance sheet ?
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?