Answer Posted / k. sailendranath

LOAN OR ADVANCE- BOTH ARE TREATED AS A CREDIT FACILITY. BUT IF THE CREDIT FACILITY IS REPAYABLE IN A SHORT PERIOD SAY WITHIN ONE YEAR IT IS TREATED AS "ADVANCE" AND IF THE CREDIT FACILITY IS REPAYABLE MORE THAN A YEAR IT IS TERMED AS "LOAN"

Tell me what do you believe makes a successful account executive?

978

---

Explain me the difference between accounting and auditing?

1086

---

Explain accounting 101?

1067

---

What does it mean to do accounting training outside of public practice?

1022

---

can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

1962

---

Describe me accounting rules

1884

---

Tell me what is public accounting?

999

---

What is corporate assesses?

2388

---

what is core accounting?

2262

---

What are the different branches of accounting?

979

---

How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??

5321

---

Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?

2303

---

Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1502

---

Tell me what is the difference between accumulated depreciation and depreciation expense?

1081

---

Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

1935

---