Answer Posted / abdul kadir
The term 'gain' is used when benefit is acquired from purchase-sale activity whereas the term 'income'is used when benefit is acquired through any means
Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
Where should tds received should show in balance sheet?
Tell me how many types of business transactions are there in accounting?
What are negative postings?What are Credit memos ?Payment Requests ?
Define push down accounting?
6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?
What are the types of liabilities accounts?
we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?
Please explain the difference between provision and reserve?
How create the invoices?
how to calculate basic to gross salary
What are the 4 phases accounting?
Tell me what is public accounting?
What are the effects when intangibles and tangible assests decrease
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT