Answer Posted / sachin

(1)journul entry

Software (Asset)A/c Dr 35000
Micro soft.. A/c CR 35000


2)Payment entry to party

Micro Soft Dr 35000
Axix bank Cr 35000

i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1863

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how in the big companies the budget are prepared and controlled?

2120

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Do you know what is icai?

1110

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What Is Responsibility Accounting?

1175

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All Interview related Questions pertaining to General Ledger,Finance & Accounts.

2833

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Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

1108

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shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

2420

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Define the term material facts in accounting?

1206

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what is the meaning of written-off as goodwill written-off

4721

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1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1961

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dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

1941

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

1507

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Why Company maintain's books of account?

1858

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Tell me what does the investment of personal assets by the owner will do?

1073

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What is fair value accounting definition?

1265

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