Answer Posted / sudhir anchan
are u know about accural basis and monetary basis. accural
basis means every transaction which are done 1 financial
year are entered and cash basis means every sales which are
form in cash are enter. book profit means profit which are
earned in 1 financial yera (accural basis) and cash profit
means profit earned on the basis of cash basis. book profit
are shown in the profit and loss a\c for the purpose of
income tax and cash pofit are for bussiness men with help
of this they known about what the standard of cash inflow
and outflow.
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WHICH QUESTIONS ASKED IN EPFO IN 2009.
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
Differentiate between consignor and consignee?
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
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