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

journal entry for goods withdrawn for personal use

2304

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What are the activities that are included in the cash flow statement?

1053

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

2475

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what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......

2171

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How can you explain the basic accounting equation?

1144

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Capital reserve is - a) real account b) nominal account c) personal account d) none of them

952

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what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?

4360

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What is an operative accounts?

1103

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what will be the possible question for an interview in account post as a fresher

2030

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What is the entry for provision?

1100

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Mention what are things will not be included in a bank reconciliation statement?

1192

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Tell me what is “deposit in transit”?

1094

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

2326

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WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?

2110

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Is financial accounting necessary?

1118

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