Answer Posted / mercy
indirect expenses that occur due to the gradual decrease in
the value of the fixed assets through wear and tear
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
What is vendor?
What qualification do you need to become an accounting professional?
Did you use accounting applications at your previous companies or prefer working manually??
What are time sheets? How are they maintained?
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
What are the 5 basic accounting principles?
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
on the basis accounting,acounting is divided in to how many classes and what are they?
what is the difference b/w gain and profit?
Tell me the meaning of long-term notes payable is or long term liabilities?
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
