Answer Posted / soundar

Prepaid expenses means the Amount paid in advance for the
expenses related to subsquent year. Example Insurance
charges for a vehicle from Feb to Jan the entry should be
passed as follows

Insurance charges ( For Feb & Mar ) DR (Expenses head )
Prepaid expenses ( Apr to Jan ) DR (Asset head )

Bank / Cash CR

In the Subsquent year the above entry should be reversed
thro' journal as below

Insurance charges ( Apr to Jan ) DR
Prepaid expenses CR

what do u mean by arrear basic or arrear hra?

3871

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After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

2363

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what is your achievements?

1989

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How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

2379

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what are the rules and regulations of junior accountant

2337

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Expand---------PED

2149

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Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

2063

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all of interview question about coop bank of oromia

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I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1951

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what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?

2170

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define fixed assets

1892

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Mention some of the major contributions made by you in your present and previous jobs

6158

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what is the subprime?explain it.

2269

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what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?

4919

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we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

2093

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