Interested to Buy Any Domain ? << Click Here >> for more details...
discuss how accrual concepts and matching concepts are the
same
- 3 Answers
- 11332 Views
- I also Faced
- E-Mail Answers
Answer Posted / keith
the income generated should be matched with the cost of
producing the sold items,that is as a good is sold it must
be be removed from stock
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
What is ABC Analysis in industrial function. hw can it s maintain ?
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
EXPAND_________SCM
what is Journal Entries?
what are all the formulas used in bank to calculate their economy
what is purchase consideration? How does it come about and how is it treated in the books?
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
what did you mean by cash credit limit account ?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
Expand-------ATBN
