Answer Posted / vinod kumar

concession (ISO 9000 2005) is the rebate for product not conforming to the specified requirements.so concession is basically compromise in quality of product for which seller is giving some rebate.Discount is reduction og cost of product conforming to requirements.

What is liabilities and what all does include in current liabilities?

999

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What are the effects of international accounting standards on accounting practices of developing nations?

1096

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Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.

1645

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What is bad debt expense?

1027

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Explain me the basic accounting equation?

988

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WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM

2065

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What is the marginal cost formula?

1078

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

1031

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Do you know partitioning in accounting?

1037

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Where should tds received should show in balance sheet?

1085

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Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

1836

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WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

1731

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I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

2012

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Mention the types of ledgers?

1093

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Mention what does the investment of personal assets by the owner will do?

1102

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