Answer Posted / farooq abdul

because profit and loss debit balance means net profit,that
is assets, assets shown in the debit side of the balance sheet

What is the treatment of claim settled by insurance company but still receivable in profit and loss account

1182

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Do you use social media to identify prospects?

1080

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hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent

2671

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What is the difference between the accrual accounting and cash accounting?

1020

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what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance

1886

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What is an operative accounts?

1004

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1.recivable and payble 2.pf,tds,esi

1957

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What does the standard journal entry includes?

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Private purchases amounting to rs 5000 have been debited to purchases account

1456

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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2449

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Tell me about an invoice discrepancy you discovered and how you resolved it

1034

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What are the advantages & disadvantages of double entry system?

1143

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"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

1788

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

1825

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Tell us how can you define departmental accounting?

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