As per accounting standards, what is the meaning of "Short Term Liabilities and Long Term Liabilities:? As the Company can change the classification based on their business? Or these meanings are fixed?
4 Accounting General 6158
Question { 5917 }
Can anybody tell me the placement of the following ledgers
in the Trial Balance
1.Loans and Advances
2.Interest on Capital
3.Customer Deposit
4.Preliminery expenses
5.Insurance claim
Answer
Is This Answer Correct ? | 1 Yes | 0 No |
Generally which method companies follow in stores? Like
(FIFO,LIFO,Simple AVG,Weight AVG...)
Answer
Is This Answer Correct ? | 1 Yes | 1 No |