Answer Posted / viswanatha reddy

1) Ensure all the incomes and expenses are booked 2) Ensure
provisions are made for income receivable and expenses
payable for the period of the financial year 3) Provide
depreciation on fixed assets 4) Closing stock valuation 5)
In case of partnership firm there is a limit for interest to
partners, remuneration to partners. 6) Check the GP ratio
whether matching with the previous year, if there much
variation, it should be justified. Netprofit ratio may
change depending upon the administrative expenses. But there
should be a proper justification if there variation in GP ratio.

What is outsider equity and time interest period ratio?

1932

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describe the most complex challenge that you have faced and how you managed it

2260

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how to make a project accounting in tally erp9 ?

6820

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

2120

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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

3365

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if jj form not cancelled within 1hour,wat to do

1816

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in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

2591

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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 ..............

1975

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what types of essays are giving in bank of america. can any one tell the opics? LAVANYA

2075

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Short Answer on __________Revenue

1955

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what are the suggestions to control NPA in rural areas?

4014

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Expand---------DEP

1955

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An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1985

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Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1943

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how will i develop my fears in interviewd?

2084

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