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

Please explain a Representative Personal Account.

2103

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difference betwwen the 4.6 & 4.7 ecc versions

2352

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Expand--------SRTA

1944

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WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2489

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what is new updates in account

2046

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4246

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Distinguish capital and revenue expenditure

2117

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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

2023

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impairment & Amortisation Means

2001

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Hi friends can you send me the Accounting Interview questions with a interview experienced questions please

2178

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Short Answer on __________Leverage

2162

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Data flow of Accounts payable to General ledger?

1755

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Can v transfer trail balance to journal entry how and with example?

2251

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1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

2079

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What do you mean by Green-shoe option?

2099

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