What is goods and what is assets for an organization.if the
organization is an educational institute
Answer Posted / jose mamman
As far as an educational institution is considered, their
goods or products are their out coming students. Their
assets are faculties, libraries, buildings, reputation and
other resources.
Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
How the Depreciation will calculate in Company?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
What is Provision Entry
We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.
What is the definition of offset accounting?
How to get C forms in online? Plz give me Processor Thanq
What is an accounting loss?
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
Why are accounting standards necessary?
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
'Talk me through an example of how you have used data to improve your teams productivity.'
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
How is the accounting for lease transactions done?
What are the types of liabilities accounts?