Answer Posted / amit srivastav

Real a/c

What is accounting normalization?

1077

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What is an interlocking accounting system?

1420

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What is account receivable?

1057

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what is payment written

2037

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What is deferred account?

1222

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Explain me how much mathematics knowledge is necessary or required in accounting?

1031

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What is executive accounting?

1132

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In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1877

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What qualifications have you achieved?

1044

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Which accounting application you prefer most and why?

1138

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what is t code of gr/ir report?

2726

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A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

2013

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3901

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6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

2001

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non cash or bank income or expense

1806

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