Answer Posted / peter abubakari

bills payable is an obligation of a firm/organization to
make good at a later date.i.e amount owing by an
organization to outsiders which should be settled in a
future date.

bills receivable is an amount due to an organization owing
by outsiders which should be made good in a future date.

HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

2017

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WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2427

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i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp

3260

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please send me some previous sbi clerical interview questions to my email id....

2100

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commisiion recieved journal entry and receipt required

1415

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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

1930

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What is Insider Trading ?

2160

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How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

2115

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distinguish between price rate and time rate?

2039

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define accounting,scope of account , types of account ?

3527

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EXPAND___________IMA

2050

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cany anyone explaing what are the functions of an Account Officer/Manager?

2097

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what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

2180

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how there prepare bank interview

2083

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Purchase book is a ----------journal

2170

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