Answer Posted / sreelakshmi

income statement if, an exact form of a profit and loss
account of any concern and normally non-profit making
concerns adopt this format to know their surplus or deficit
for the financial year
whereas, a balance sheet is a final statement which shows
the financial position of the concern revealing its assets
and liabilities along with the profits or loss for the
relevant financial year

while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2106

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what is the scenario of multi-org setup?

2371

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How do you handle lack of direction or working in chaos

2043

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You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

1522

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payroll calculation procedure explain completely?

2549

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business sepsarate entity concepts

1884

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commisiion recieved journal entry and receipt required

1472

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i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz

1878

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barwaha

1086

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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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Take me through the entire vendor cycle.

1991

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• What is depreciation and the method?

2059

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which are the basic princeples of accountancy... with examples

2177

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WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.

2161

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how will you create the posting periods 3 and 5 or 5and 7?

2109

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