Answer Posted / amalraj

According to the balance sheet all debit balance should be appeared in assets side and all credit balance will appeared in liability side of the balance sheet.

At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.

2232

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What are time sheets?

1051

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Why have you applied to our firm?

1052

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Explain how you can adjust entries into account?

1091

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As you know any other accounting application?

983

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What is an over accrual?

1021

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The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.

1576

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Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1504

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What is the difference between a provisions and reserves?

999

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Ledger Enteries

2273

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What is account payee cheque? Expand ctc cheque?

1129

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in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.

2072

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Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?

1081

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what is accounting cycle ?

5400

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if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1929

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