Answer Posted / izi

Accrued expense is opposite to prepaid expense.
Actually accrued expense is the expense whose benefit has been taken but such expenses has not been paid yet(in the form of cash or cheque). So, we treat we treat it as current liability.

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2119

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We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.

2443

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please specify some books name in preparing a bank exam apttirutude questions

2023

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Breif notes about accounting standards

3061

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interest paid comes under which head

1465

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plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

1997

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What is Budgeted capital ?

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4685

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Short Answer on __________written Down value

1915

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2195

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how to calculate share values of a company.

2156

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2215

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can u let me know how the bankers calculate interest on O.D.account

2080

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fill in the Blanks Share Holders in Company have _____________Liability

1983

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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2283

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