Answer Posted / ganesh

6500 basic salary including DA.pf 12% deduction from
employee side and 12% contribution by employer side.

What is the difference between costing and cost accounting?

1027

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What is the objective of the balance sheet?

1157

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What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.

1899

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What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?

2093

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Unrealised profit will be debited to ?

1874

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Tell me deferred taxation is a part of which equity?

991

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Which kind of transactions are not recorded in the books of account?

1821

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What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

1613

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Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?

1881

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Were i have to enter for agreements in tally and in which ledger it will come

1687

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contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

2656

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What is the disadvantage of double entry system?

1071

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What is your role in planning?

1181

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What is mean by working capital?

1118

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what is difference between budgeting and Forecasting

1686

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