Answer Posted / ganesh

book keeping is the art of recording day to day
transactions in the books of
accounts

Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

917

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How i should sellone the mobile phone when interviewer will ask sell this phone to me?

1530

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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

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How Can We Differ Horizental & Vertical Balace Sheet? Explain.

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6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

2014

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Tell us what is the abbreviation for the accounting terms debit and credit?

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Explain how you can adjust entries into account?

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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales

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What is creative accounting?

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hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?

2320

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Tell me what is the equation for acid-test ratio in accounting?

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audit under section and penalty under saction scurtiny under saction

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why accounting is important in business?

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OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.

2237

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What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

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