Answer Posted / vikram l

Accrual concept of accounting is one that is exactly
contradictory to the cash basis of accounting.In accrual
system or method of accounting all the expenses and incomes
are booked as and when they falls due or is earned
respectively.

ACCOUNTING CONCEPTS AND CONVENTIONS

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Expand-------SNAT

1945

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what is operational risk and market risk in basel 2 norms.

2060

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what is the difference between speculation & investment?

2158

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I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

2085

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How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?

1868

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Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe

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explain about mergers & aquisitions? asked on 30/7/09

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EXPAND_________SDJMC

2285

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Short Answer on _____________Accident Insurance

1717

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you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2642

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how a fund flow statement benefit the individual, corporate?

2183

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Distinguish capital and Revenue receipts

2162

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Can v transfer trail balance to journal entry how and with example?

2195

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EXPAND___________IMF

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