Answer Posted / gagan saini

Yes one may transfer any data from the data base for preparing some sort of exceptional report / analysis.

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

1839

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What is the difference between cost accounting management accounting and financial accounting?

1084

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What are assets minus liabilities?

1050

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Tell me do you possess any knowledge about accounting standards?

1109

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WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

2348

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What is the difference between perpetual & periodic inventory system?

1051

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Tell me entries to revenues accounts such as service revenues are usually?

3768

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How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

1821

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If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

1407

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Explain the term account payable?

1052

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After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?

1788

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what are the limitations of accounting ratios?

1051

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What is account receivable?

1068

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I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

2074

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Explain in simple terms what is the difference between asset, equity, and liabilities?

1087

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