What do you mean by the word Loss in nominal accounting Give some examples
Answer Posted / mudunuri
A happening which is under unforeseen and unavoidable circumstances
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are the four classifications of bad and doubtful debts as per the context of the bank?
What is the difference between the accrual accounting and cash accounting?
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
Tell me deferred taxation is a part of which equity?
What are the 4 phases accounting?
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
how to pass journal entries for reverse tax on input tax paid
Tell me what does the standard journal entry includes?
What is project implementation?
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
What does overhead mean in regards to accounting?
Do you know marginal cost?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
Why an Expenditure is called Differed?