A provision of costs.

Manojkumar Balakrishn

• Aug 20th, 2007

Accruals allow expenses to be reported when incurred, not paid, and income to be reported when it is earned, not received. An accounting method that measures the performance and position of a company...

rama krishna, chirala

• Aug 2nd, 2007

An accrual means recording the transactions, to the related period financial statements for example m/s james & co. has policy that to pay rent of the month at the 3rd of next month. if company prepar...

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Gayathri Suresh Kumar

• Sep 5th, 2007

Cash Discounting should done General Ledger not in Balance sheetEntry should be Bank a/c                  &nbs...

availraj2002

• Aug 30th, 2007

I believe that cash discounts are taken into P&L and not to the B/S.The journal would be :Dr. Bank A/c               &nbs...

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megha survase

• Sep 7th, 2007

Nominal a/c?is related with expense/losses & income/gain where real a/c is with asset (cash,building,goodwill etc)/accounts of properties/ possessions of the buisnessman. And personal a/c's are accou...

deepa

• Jun 20th, 2007

Accounts of assets is called Real Accounts.
Accounts of persons or institutions is called Personal Account.
Accounts of expenses/losses, incomes/gains is called Nominal Account.

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hanu_tuhin

• Sep 18th, 2007

Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling ...

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Chaos

• Nov 15th, 2007

General Ledger is the final repository of all the journals from the various sub-ledgers. I have 3 yrs in GL including 3 end to end implemetation.The implementation of GL can be divided into 3 broad ca...

Arun K Rajan

 Profile Answers by Arun K Rajan Questions by Arun K Rajan

• Aug 1st, 2007

I have 3 years strong General Ledger experience. Major tasks include processing monthly accruals and adjustments, preparing and reviewing balance sheet reconciliations (review involves analysing and r...

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

"Prepaid Customer' Reconcillation Details. or Advance billing Customer List.

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

Captial A/c , Drawings a/c , Fixed assets purchasing and so on. According to the double entry system each transaction have two side debit and credit. there are some transaction satisfied with balance ...

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yournura

 Profile Answers by yournura Questions by yournura

• Nov 28th, 2007

Fiscal Year means the financial year .In india it is April to march. In singapore it is July to june. In hongkong it is Jan to dec. Normal year is nothing but english calendar year jan to dec. If the ...

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shweta meravi

 Profile Answers by shweta meravi Questions by shweta meravi

• Dec 10th, 2007

When two or more than two companys merged together and form one company that is called as consolidation

cachbixamreddy

• Dec 28th, 2006

Consolidation is a gathering the information in sap for specific purpose and useful information for management

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gmril

 Profile Answers by gmril Questions by gmril

• Jan 17th, 2008

t/code ob53, give COA and then type X or Y in pl account head and then give the account number in the acoount head.... this u can create prior to the creation of the account group reserve and surplus as well as after creating the account group .....

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HiI have created Legal Entity from Accounting Setup manager>>Accounting setups and linked with SLAs. But i can not view the same LE from Inventory >setup>organizations>findwhy?Can any one help will be appreciated.With rgdsk.r.selvarajkrselvaraj@rediffmail.com

kmtailor

 Profile Answers by kmtailor Questions by kmtailor

• Mar 24th, 2008

Transaction code for Account Assignment model is - FKMT & not F-02

A.N.GOPALAKRISHNAN

• Sep 21st, 2007

A template used for document creation in which default values are provided for the posting of a business transaction.An account assignment model may contain any number of G/L line items, and can be ch...

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What is the Difference Between Profile Option and User Exits

sree82

 Profile Answers by sree82 Questions by sree82

• Jun 13th, 2008

Don't knw

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stinkai

 Profile Answers by stinkai Questions by stinkai

• Jul 30th, 2008

Cash Flow statement is a generate income, not the invoices. there are two types of cashflow 1. Inflow 2. Outflow1 Inflow: eg. if you received cash from your credit customers, you will decrease you...

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Anoop Kapoor

 Profile Answers by Anoop Kapoor Questions by Anoop Kapoor

• Mar 31st, 2009

Without reconciling the expense account it will increase the expense account & it will reduce the profits and worthiness of the organisation will not reflect true position and Similarly witho...

maaz01

 Profile Answers by maaz01 Questions by maaz01

• Sep 16th, 2008

If the company is being reimbursed by another organization for the expense incurred earlier then it will be a credit to the expense account. If the expense was over accrued and the actual is lower than the accrual then it will be reversing entry reducing the expense.

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c7831887

 Profile Answers by c7831887 Questions by c7831887

• May 20th, 2009

Already 1 member has answered this question in Manufacturing way.  But, my answer is:-If a trader imports some products and sells the same as is where is condition, the direct expenses will be fr...

rajesh.GOPI

 Profile Answers by rajesh.GOPI Questions by rajesh.GOPI

• Feb 6th, 2008

Direct expenses are those expences which is directly related to product.Ex: Machinery repairs, Machinery transport charges . In direct expenses are those which are indirectly related to product.Ex: lighting, power.

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anuradha.vijayaraghava

 Profile Answers by anuradha.vijayaraghava Questions by anuradha.vijayaraghava

• Jun 8th, 2009

After transferring the subsidiary data to the parent set of books, combine the subsidiary and parent data.Once parent and subsidiary data has been combined, enter eliminating journal entries.* Choose ...

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Explain Salary Computation. How to file the salary returns?

malini.007

 Profile Answers by malini.007 Questions by malini.007

• Jul 16th, 2009

Generally, the salary is computed asBasic : 30 - 35% of CTCHRA : 50% of BasicDA : Regulated by Govt. notifications (nominal amounts)CCA : Is normally a filler on negotiated salary (put the balance amo...

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