Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between a company balance sheet and
that of a bank?
- 2 Answers
- 5255 Views
- I also Faced
- E-Mail Answers
Answer Posted / kanti-00919275123971
1.a company preapre balance sheet as per company act while
bank preapre balance sheet as per banking regulation act
2. a company makes provision for doubtful debts on own
presumption while banks makes provision for doubtful debts
as per the rules & nomes given by banking act
3.a company can not get deduction on provision for doubtful
debts in the income tax act while banks are eligile for
deduction
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
what is t code of journal voucher report with amount?
What is the use of accounting?
My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
What is diffrence Between GPF and EPF?.. can anybody explain..?
Tell us what is your proudest accomplishment?
How do you prepare mis reports?
Mention the types of ledgers?
What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
goods worth rupees 440 distributes free among the poor?
What is reversing journal entries?
How can do it TDS in accounts?
