Expand ------OMC
What is the difference between International Accounting Standars & International Financial Reporting Standards?
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
explain Dual entry concept
what is the difference between gross profit and net profit?
please tell me that fictitious account is what type of account i.e real,nominal or personal account??
why gross profit transfering to profit & loss account
define current assets? asked on 30/7/09
HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FOR PERSONAL a/c,REAL a/c,NOMINAL a/c?
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?
Expand ------DCGI
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
what are time sheets?how they are maintained?