Answer Posted / shailendra

loan always comes with the interest but advance always
been without interest.

for ex- v provide loan for a particular period against
security but advance always given to a known or any
official for a particular work without any specific period.

what is addition of Opening Balance and net profit transfered from profit and loss account called

1924

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1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?

1336

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cash credit taken from bank then what is the general entry?

2013

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Tell us what do you believe should be an important quality of an account executive?

1042

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Plz Ask from me New Accounting Questions.

1906

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what is opening stock formula?

1585

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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales

1679

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How is the accounting for hire purchase transactions done?

1072

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What is account receivable?

1053

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what is the difference between accounting and bookkeeping?

1016

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explain the relevance of closing stock account in trading a/c when preparing the gross profit?

2497

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What is Statory Books ?

2363

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Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

3301

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swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1818

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What is accrual accounting?

1263

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