Answer Posted / venkatesham varganti
small amounts incurred for the running of business is called misc. expenses and it will be shown at debit side in profit & loss a/c. some times there is no perfect head for expenses incurred in that case also the amount spent is shown under misc.exp. a/c
| Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
Tell me the stages of double entry system?
How do you maintain accounting accuracy?
Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?
What a deferred asset is and give an example?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
we can transfer stock between two firms with same name but prop. is different.
Tell me do you possess any knowledge about accounting standards?
What is WCT ? Who will Resposible for deposit WCT Means TDS Deductor or Material supplier. Is TDs applicable on WCT. Who will responsible for deposit WCT. I Am New For this Field. Thanks in advance...
what is gl a/c? & why is it maintain
Explain fictitious assets?
What is cotangent Account?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
in Tally what is cost cenre,cost categori and why we need to prepare them
What is an interlocking accounting system?
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT