Answer / shweta

Recording the transaction when it happens without bothering
about actual receipt of cash is accrual concept.
Business is going to exist forever,this assumption is going
concern concept.
Accounting period: period at the end of which financial statements are prepared. max. could be 18 months.
Realization concept:when to record the realization of sales

what is the difference between profit and revenue?

5 Answers  

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How many types are accounts head?

15 Answers   Limton,

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In what way does option issuer benefit

2 Answers   Capital IQ,

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what will be the entry for inventory

0 Answers   Accenture,

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The main financial accounting statements?

0 Answers  

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what is the meaning of profit and loss account

1 Answers   MAHINDRA,

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How many accounting standards are currently published?

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What do you mean by Rollforward and open item in Accounts Reconciliation?

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What is difference vat

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What is Statory Books ?

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we are going to purchase a new office/gala . we are using tally software. in above transction we have to pay stamp duty,ragistration fees etc. my question is uder which heads i enterd above exp in tally.

1 Answers  

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Company Providing Mobile handset to all employee on free of cost and returnable basis while leaving the job. My query is- how i account the above transaction - under fixed asset or mobile expenses- ( indirect exp) or staff welfare ( indirect exp ) Kindly suggest

2 Answers  

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