Tell us something about Sinking Fund.
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Answer / shyam manoj kumar
Sinking fund is a fund which is set aside some amount from
every years profit for acquring new asset
Is This Answer Correct ? | 13 Yes | 0 No |
Answer / javeed
sinking fund is a fund which is kept apart from every years
profit for buying of assets in future.
Is This Answer Correct ? | 6 Yes | 0 No |
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
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
I am a non commerce graduate acting as office manager in a construction company. I am interesting to learn accountancy thru short cut methods and in a short duration. Can any body there to help me. I will be pleased to receive any sugessions and learning tips to my e-mail
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