what are the characteristics of financial accounting
- 5 Answers
- 31409 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / arpana
Characteristic features of financial accounting:-
*It consists those transactions which can be expressed in
terms of money.
*Its a hystorical form of accounting as it concerned with
recording of tranjectionsi.e. financial statement.
*In perticulal case,its a legal requirement.
*This accounting meant for people who are external to the
company.
*Its a intrim report and can't be a final ones.
*This process of accounting gets largely affected due to
the various accounting policies followed by the accountants.
| Is This Answer Correct ? | 16 Yes | 11 No |
Post New Answer View All Answers
How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?
What is the mening of uidnvhe.?
what is transposition-cum-demat?
What is mean by Reserve on Consolidation?
what is crisil?what is the advantage of crisil rating?
what is the meaning of input vat & out put vat?
CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION
Short Answer on ______________House Rent allowance
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Weather Entry tax on consumable goods purchased against CST
Distinguish between sale and consignment
Can i make invoice when my client apply for TIN Number ?
send me accounting test ppaers
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.
