Expalin about the distinction between Profit and loss a/c
and balance sheet
Answer / neha
Profit & loss a/c shows the profit or loss of the organization.
Balance sheet shows the financial position of the organization
like solvency or insolvency.
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where can i get the Balance sheet (graph) for Muthood Finance ltd. (profit and Loss sheet)
expand M E A
What is the difference between reserve and provision.
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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
Expand D A
Is advance paid wages has credit balance?
What is the Accounting Treatment for Contingent Liability ?
Short Answer on _________________City Compensatory allowance
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we have send material through air cargo, can we deduct tds
MY COMPANEY PROVIDE SERVICES OTHER PARTY BUT OTHER PARTY DEDUCTED TDS SO PASS ENTRY IN A/C