Question { Deloitte, 56215 }

Why depreciation is charged in P&L Account?

Answer

it is because it is an expense to the oraganisation it is
deducted form the asset and then put in p/l a/c

Question { 6758 }

What is the Casting ?

Answer

CASTING REFERS TO THE TOTALLING OF BOOKS OF ACCOUNTS

Question { Capital IQ, 26931 }

WHAT IS THE DIFFERENCE BETWEEN RESERVE CAPITAL AND CAPITAL
RESERVE?

Answer

yes there is a difference between reserve capital and
capital reserve that is capital reserve is the reserve of
the firm and reserve capital is part of authorised capital
not called up

Question { 18290 }

out standing salaries goes to whiich A/C I mean personal(or)
real(or)nominal a/c

Answer

it is a peronal account

Question { Franklin Templeton, 7211 }

what is stock divient

Answer

stock dividend is the dividend paid as the additional
shares of stock rather than cash, if dividend are in form
of cash then it is taxable . when a company issues a stock
dividend rather than cash there will be no tax untill it is
sold

Question { 56655 }

CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN
IT BE DONE?

Answer

pre operative expenses of capital nature are to be
capatalised with cost of fixed assets in relaions to which
they have incurred. whereas pre operative expenses fo
revenue are to be charged aganist profits in which year
buisness has commenced.

Question { Accenture, 171816 }

How many types of account example pls

Answer

There are three types of account
personal-company-abc comopany ltd
representative-outstanding a/c
name-ram a/c

real-tangible-land and building
intangible-patents
nominal-income-dividend reicieved
expenses-rent paid

Question { Satyam, 46353 }

Can you tell me the closing stock entry?

Answer

ya there is no such entry for closing stock generally in
journal but adjustment entry is there for closing stock
CLOSING STOCK A/C....................DR
TO TRADING A/C..........CR

Question { Mafoi, 22958 }

What is Working Capital Management ? Give the formula for
it

Answer

working capital is nothing but the capital required for the
cost of operation and daily needs such as purchase of raw
material,payement of wages etc
generally there are two types of working capital management
net working capital
gross working capital
Net working capital is the net investiment for current
assets
therefor net working capital =current assets-current
liablities
so managing the requirement of working capital limits by a
firm so that it is able to meet the working capital limits
to meet its day to day cost of operations is working
capital management.

Question { Access, 39891 }

What is Suspense A/c?

Answer

In order for to avoid the delay in preparations of final
accounts,the difference in trial balance is put in the
account named suspense account.If the debit is more than
that of credit in trial balance then on credit side the
difference is put in credit mentioning to suspense
account.if in future any error is found then suspense
account is closed,then also if there is any balance then it
is transfered to balance sheet.

Question { Genpact, 13055 }

what is the difference between amotization and
depreciations????

Answer

depriciation is the reduction in the value of asset due to
wear and tear use,lapse of time, obsolence and depletion
whereas amortisation is used for only intangible assets
such as patents,copy rightetc
THE VARIOUS METHODS OF DEPRICIATION ARE
STRAIGHT LINE METHOD
DIMNISHING BALANCE METHODS
ETC