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Basic accountancy
What is basic accountancy
harendra prasad
- Jun 30th, 2008
accounting is a mean of measuring to the reporting of result of economic activitis accounting work is summrising cllsification recording.
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What is Trial Balance?
koteswararao.sairam
- Jun 27th, 2008
The entire ledger balances are summarised in the form of a statement is called trail balance. it is a statement containing the various ledger balances on a particular date.this statement shows t...
StephenRaj
- May 5th, 2007
Trial balance underlie on the simple fact that for every credit entry there must be an equal debit entry in the accounting ledger. So in the process of trail balance all the debits are totaled and all...
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Notional Cost
What is Notional Cost?
Praveen2147
- Mar 12th, 2008
Hidden or oppurtunity cost incurred in using the already paid for assets, without taking into account the income these assets would earn if hired out to others. It is also known as Implied cost.
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What is the Full Form of AMS Request In Banking Business?
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Why does the Outstanding exp & Prepared Expenses treated as Personal Account?
ketavarapu
- Dec 17th, 2007
Because these exps are paid/payable to persons. person includes Sole Proprietor, Partnership Firms, HUF, Co; etc.Personal accounts always appear in B/S until it is transfered to expenditure by debiting to P&L A/C.
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What is meant by accrual basis.
How does it works? Where does it works? What is the journal entry for that. Where it comes in the final account?
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What is Indemnity?
raja4uever
- Nov 21st, 2007
An Indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party...
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Tell us about an invoice dispute that you were involved in and what your role was in resolving the dispute.
Ajit
- Sep 10th, 2007
An example of invoice dispute was not finding the vendor bank account & contact number. Although many attempts were made for this payment but could not locate the 'one time vendor' (one time of purcha...
Mansukh Gambhava
- Mar 31st, 2007
Any dispute related invoice like quantity, Quality, Rate, taxes and other commercial and technical term, we have to strictly accept as per Purchase Order and solve the problem.
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1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplair sent only up to 25/- worth of goods. Know My question is that we want to close the transaction now. How it possible?2. what about VAT like Tax Setups in AP and AR?3. what about the SWEEP command in AP?
arshad
- Aug 15th, 2007
Rest if this amount ie 50/- paid -(25/- good received) should be kept as advance for next year
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What is difference between CTC and Salary?
kram kotesh
- Jun 24th, 2007
CTC which means Cost To Company it includes what we are getting the benefits from the company E.g. Basic+HRA+PF+Performance incentives.Provident Fund company contribute the half of the amount it...
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What are the steps to define supplier?
t_dheerajsingh
- Feb 16th, 2007
The following are the steps to define Supplier1. Suppliers ---> Entry2. General Tab Give Supplier Name, Alternate name3. Classification Tab Type --> Supplier4. Control Tab Give Invoice Match Options5....
ramamsrinivas
- Sep 19th, 2006
Enquire about the supplier's capability of supplying materialCheck has he send valid quotation for required material/serviceCheck the history of the supplierCheck wether supplier is existing with company or notCheck if there is any earlier commitments which are not fulfilled.
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Accounts Payable Interview Questions
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