Answer Posted / nadeempasha

Reserves are the balance which is reserved by the co for the
further planning of the business and surplus profit is taken
under Reserve and surplus account.

But Provisions are thos balances which are prepared for
unexpected losses in future like Bad debts, bad debts
written off...

Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

2069

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Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

2045

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which is the combine entry in ERP?

2283

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differed tax liability

1888

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why may types of accounts

2246

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whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

2350

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what is book profit

2207

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Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

2264

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Name the Accounting Concepts

2131

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what are the different causes for discrepencybetween the balance of cash book and pass book

1924

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what is automatic payment in sap fico

2092

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Give me total Details of payroll calculation, payslip with examples.

2694

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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

1382

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What Question ask in MARKIT Company?

6994

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Short Answer on _________________City Compensatory allowance

1964

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