company prepares accounts sometimes on cash basis ,
sometimes on accural basis
A)TRUE B)FALSE C)SOMETIMES TRUE D)SOMETIMES FALSE
Answer Posted / sudha
as per basic accounting concepts, it is compulsory for the
companies to follow accrual system of accounting, hence it
has to follow accrual system at any point of time
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
How shall I calculate the true profit of my business, as I am a layman for accounting.
What is COVER payment?
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
Why do you want to work for us?
Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
What is re-financing in Letter of Credit settlement
Examples of automatic generated content material of car logbook loans?
Short Answer on ________Adjusting Entries
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
where does the closing stock appears in the trial balance?
Short Answer on _________Business
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in