Briefly explain the difference between receipt & payment and
income & expenditure account.
Answer Posted / arjun
income and expenditure a/c is based on accruel basis while
receipts and payment ac is based on cash basis.
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Explain what is bad debt expense?
examole of cash to cash contra entry
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
What entry to be passed for Duty draw back as receivable
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
Explain different branches of accounting?
Key difference between indian accounting standards and international accounting standards is.
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?
what is consumer product accoutning?
get fixed assets items
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90