Answer Posted / satyakiraju
Loss always decrease the capital. Hence it is not an asset
but grouped under Indirect Expenditure
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Do you have any idea about gst?
journal entry for prepaid insurance and salary outstanding
How to pass the entry in tally for demolished of building?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Why do users of accounting information need accounting information?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
What are the different fields of accounting?
What is the distinction between cost accounting and management accounting?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
What all are the documents need to check for a supplier payment?
Define balancing in accounting?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
what is opening stock formula?