krishnakishore


{ City } hyderabad
< Country > india
* Profession * accountant
User No # 16643
Total Questions Posted # 0
Total Answers Posted # 9

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Questions / { krishnakishore }
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Answers / { krishnakishore }

Question { HCL, 18230 }

Diff between Net profit & Gross profit?


Answer

G.P- sales- Operating Expenses= Net Profit

Is This Answer Correct ?    3 Yes 0 No

Question { 8719 }

in BRS. cash book and pass book has Dr. side and Cr. side
If we issued a cheque where we have to show that amount in
both.


Answer

When you Tranfer Amount from One Account to Another
Acccoun. It show in Pass book Dr(Fund Transfer From) and Cr
(Fund transfer to )

Ex. Amoount Transfer from Andhra Bank Account No 1 to
Account No2.

j.E Account 2 Dr
Account 1 Cr.

Is This Answer Correct ?    3 Yes 5 No


Question { 4307 }

What is Letter of Credit?


Answer

Letter of Credit (L.C) is document which is issued by Bank
onbehalf of faithfull customer to Third party.

Is This Answer Correct ?    2 Yes 0 No

Question { 7098 }

what is contingent liabilty, how it shows in balance sheet?


Answer

Contingent liability is a liability. The liability depands
upon the Future Judgement. Contingent liability amount
shows in Balance Sheet as Foot note.

Is This Answer Correct ?    7 Yes 0 No

Question { 2772 }

what quick books how to prepare


Answer

Quick books is a Account ERP like Tally. In Austaila & USA
is most friendly Accounting ERP.

Is This Answer Correct ?    2 Yes 0 No

Question { 5995 }

difference between banker's cheque and cheque


Answer

Banker Cheque is Instument which was issued by Banker is
called Banker Cheque( ex:- D.D.(Demand Draft) and P.O (
Pay orders) and Cheque is Instument which is issued by Bank
Account holder.

Is This Answer Correct ?    15 Yes 1 No

Question { iGate, 24858 }

If Pass book & Cash Books Balances are showing same so are
you need to BRS ?


Answer

No Need not prepare BRS. but, best to prepare for final
confirmation. but In normally we are not prepare again BRS
if P.B and C.B is tally.

Is This Answer Correct ?    1 Yes 4 No

Question { Capital IQ, 26263 }

why companies put ltd and pvt ltd,what is the difference?


Answer

In Ltd comapny The Liability of Shares holiders is limited
and Pvt Ltd The Liability of Share holiders is unlimited.
Ltd and Pvt Ltd related to Liability comapny of Patners and
Share holders.

Is This Answer Correct ?    5 Yes 8 No

Question { 6315 }

can previous year be greater than a period of 12 months??


Answer

No.

Is This Answer Correct ?    1 Yes 1 No