Answer Posted / dhanesh chandramangal

1.P & l account maintained by profit oriented compaies,
income & expenditure account is mainted by service oriented
companies[hospital, charitable society,etc]

At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?

2397

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Tell me do you think accounting standards are mandatory and why?

1122

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Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3730

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give me examples of the accounting reports you have prepared

1222

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Tell me how can you define departmental accounting?

921

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Do you think accounting standards are mandatory and why?

1148

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Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?

1001

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1754

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what is casual receipt? is it exmpted in income tax?

3805

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correction of sundry creotors

2634

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WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

1768

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What Is Differ tax,

2078

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what is "goodwill" reserve and surplus and reserve with example

2012

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List the type of transactions entered in journal proper.

1107

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What is peach tree accounting?

1081

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