sankeerthana


{ City } hyderabad
< Country > india
* Profession * accountant
User No # 34770
Total Questions Posted # 0
Total Answers Posted # 87

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 559
Users Marked my Answers as Wrong # 294
Answers / { sankeerthana }

Question { 7703 }

Expand---------RTC


Answer

Real Time Clock

Is This Answer Correct ?    2 Yes 0 No

Question { 4643 }

Expand---------SDRT


Answer

Secure Digital Radio Transfer

Is This Answer Correct ?    0 Yes 0 No


Question { Thermax, 28735 }

what is the full form of OTC?


Answer

Officers' Training Corps

Is This Answer Correct ?    0 Yes 16 No

Question { DLF, 8251 }

After closing the financial year i.e. 31st march.,
you have received a teliphone bill on dated 1st april
( And the bill was for the month of 1 mar to 31st march
i.e closing year's last month)what treatment you will do in
current financial year and closing financial year.


Answer

Very simple my dear. simply debit telephone charges and
credit charges payable. This type of entry very common.
sankeerthanaannavaram@yahoo.in

Is This Answer Correct ?    6 Yes 5 No

Question { TCS, 17643 }

why should i hire you


Answer

O.K my dear I wont request you to hire me

Is This Answer Correct ?    6 Yes 56 No

Question { 69972 }

Pass journal entries
Purchased goods from mr x on credit 1000


Answer

Shirish according to you goods sold to X. So pl read
carefully the question before you answer. Simple thing is
Credit sale is opposite to Purchase account.

Mr. Rakesh you dont know the basic princple.

Saranya you to credit the supplier but not the credit

Important thing to note down here is Purchases whether cash
or credit will be debited.If it is on credit you have to
credit cash, if it is on credit supply you have to credit
supplier

In this juncture I would like to recommend you all to
visit www.therealaccountants.com

Is This Answer Correct ?    1 Yes 0 No

Question { TCS, 12035 }

a buyer,purchases a for rs100, b for rs80, c for rs60 and
mixed in ratio of 3:4:5 and sells
@ 50% profit what wil be d price?


Answer

The question is very clear In this he quoted the rates of
ABC. He mixed all the three in the ratio of 3:4:5
i.e. A 3
B 4
C 5 the n the value of purchase will be
3*100=300
4*80 =320
5*60 =300
Total purchase value is 920 he sold them adding 50% margin
of profit So the total sale value will be 920*50%=460
(1380)

Is This Answer Correct ?    8 Yes 8 No

Question { 10146 }

Hi to All any body pls. tell me the entry for tds in salary
example-- one employee salary 25000 tds will be 1000
how to deduct and what will be the entry for above
transactions


Answer

Why Bhavana why you are hasty why not observing the
question The question was about the TDS deduction.You
answered without taking TDS into consideration

sankeerthana
www.therealaccountants.com

Is This Answer Correct ?    4 Yes 2 No

Question { 194013 }

What will be journal entry of provision for income tax in
current year and Adjustment entry in next year


Answer

Kavitha pl observe my answer. According to you the amount
of Income Tax is confirmed but not paid. But according to
the question some amount was provided in the shape of
provision. It is not exact figure.it may be raised or
lowered.
sankeerthana
www.therealaccountants.com

Is This Answer Correct ?    19 Yes 11 No

Question { 16787 }

ecc full form


Answer

1.Error Correction Code
2.Early Childhood Center
3.Elgin Community College
4.E-Commerce Center
5.Evangelical Covenant Church
6.Electronic Climate Control
7.Error Checking and Correction
8.Electronic Communications Committee
9.Early Childhood Caries
10.Emergency Communications Center

My dear pl choose your appropriate one

Is This Answer Correct ?    10 Yes 35 No

Question { 16191 }

what is profit & Loss Appropriation A/c. why it is
prepered? what are its benefit for a company


Answer

Profit and Loss apportionment account is prepared by the
partnership firms. Thru this nett result will be
apportioned among the partners.It will be prepared on the
closure date.

Is This Answer Correct ?    18 Yes 8 No

Question { Genpact, 11860 }

In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
liabilites.


Answer

Who told you expenditure will be placed under assets side.
Expenditures will be be deducted from revenue and income or
loss will be arrived. Profit will be added to capital and
losses will be deducted from capital account. you know
pretty well that capital account will be placed under
liabilitieds side. You simply note down that expenses or
incomes will not find place in balance sheet
www.therealaccountants.com

Is This Answer Correct ?    33 Yes 1 No

Question { Genpact, 11860 }

In Balance Sheet Why we entered Liabilites & Incomes under
Liabilites side , Assets & Expenditures under Assets
side.In general think incomes are asssets,expenditures are
liabilites.


Answer

Thanks for the response.Pl also visit my site immediately.
You will be definitely immpressed with the site

sankeerthana

www.therealaccountants.com

Is This Answer Correct ?    3 Yes 0 No

Question { 5079 }

I am Bsc(biology) graduate after that i completed MBA
(finance) from Andhra University in 2002 i am a house wife
now i want to do job please companies who recruit MBA's the
thing is i am not fresher, but now i want do job. suggest
me


Answer

Sincere and elderly advice to you is try to learn practical
accountancy thru accounting packages.pl visit my site for
more practical things


sankeerthanaannavaram@yahoo.in

Is This Answer Correct ?    1 Yes 0 No

Question { 3213 }

what do you mean by gazated officer?


Answer

official whose appointment is published in the government
gazette

Is This Answer Correct ?    2 Yes 0 No

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