Answer Posted / urvashi sharma

capital

The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

11522

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In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

1692

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where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?

4265

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Tell me what are the activities that includes in cash flow statement?

1419

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what is the journal entry for gas connection taken by company for preparing tea and coffee.

2374

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correction of sundry creotors

2702

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What is the general entry for charge on bank overdraft

1557

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What do you mean by material facts in accounting?

1113

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Apportionment of expenses

2309

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What are the 4 phases accounting?

1088

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Why do users of accounting information need accounting information?

1069

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what is different between leaser of subsidary book and journal?

2021

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1896

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How create the invoices?

2048

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The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty

1989

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