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How prepare funds flow statement?
suresh b poojar
- Sep 9th, 2009
It is the statement of changes in financial position, prepared to determine only the sources and uses of working capital between dates of 2 balance sheets.
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What is the difference between authorised capital and paid-up capital?
Geetha.K
- Aug 18th, 2009
Authorized capital is the capital to which an organization is authorised to use in the business and maximum amount that can be used for the working of organization. Paid-up capital is a part of authorised capital which is fully paid by shareholders. ...
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Explain briefly the technique of marginal costing. In what ways do you consider this technique useful in management accounting?
sush_834
- Oct 18th, 2009
Marginal costing is also known as "Direct costing" or Variable costing. In U.K it is called "Marginal Costing". It is an economic concept. Marginal cost is derived from the word "Margin".? It is the...
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What is Debtors Reconciliation?
Archana subramaniam
- Dec 15th, 2009
Debtors reconciliation is reconciling all the debts payable to the creditors.
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What do you mean by GPSD in accounting?
Alkuhaly55
- Jan 11th, 2010
GPSD is a service daemon that monitors one or more GPSes or AIS receivers attached to a host computer through serial or USB ports, making all data on the location/course/velocity of the sensors availa...
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What the functions of manger -accounts and manager-finance.explain in detail.
The person who has been in the mid career level as asst.mgr ,taking care of various function and porfolios of accounts department and expert knowledge in accounting concepts is said to be ab manager -accounts generally in manufacturing organisaton.where as latter head for finance organisation and has been in flied with excellent knowledge and concepts of gap,etc.
dg83384
- Jan 20th, 2010
Recording: This is the basic function of accounting. It is essentially concerned with not only ensuring that all business transactions of financial character are in fact recorded but also that they ar...
kemal ahmed endeshaw
- Aug 23rd, 2007
when we see their difference from broad organizational reviewthe function of accounts manager1. the approval of the accounting system utilization and calculated amounts in supportable documents ,for e...
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Amortization
What is Amortization?
sulabhkapoor
- Feb 3rd, 2010
1. The paying off of debt in regular installments over a period of time. 2. The deduction of capital expenses over a specific period of time (usually over the asset's life). More specifically...
vasudeo007
- Aug 19th, 2008
Amortisation is a concept very similar to depreciation.In case of depreciation, it is charged to assets marking reduction in their value.In case of loans the repayment means amortisation.In case of ce...
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How and on what basis will you identify duplicate invoice?
Swami Reddy
- Feb 3rd, 2010
We can identify a duplicate invoice when it matches with another invoice's critical fields like invoice Date, Number, amount and description of the services.
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Rate Per cent Per Annum
The simple interest on a sum of money is 1/9 th of the sum and the number of years and the rate per cent per annum are equal. What is the rate per cent per annum?
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What is purchasing order?What is vendor?What is sarbanes-oxley act?what is debit and credit note?What is basic accounting principles?what is dual aspect concept?what is depreciation? and how many types and details?what is cash flow and funds flow?what is capital gain?
vijay.rathinavel
- Mar 13th, 2010
Cash FlowIt is a Statement showing changes in inflow & outflow of cash during the period.A. Operating Activities,B. Investment ActivitiesC. Financial ActivitiesThe CFS allows investors to und...
dinanath
- Jan 31st, 2009
Changes in working capital due to Non Current Transaction is called Fund Flow and Changes in Working capital due to current and non current transaction is called Cash Flow.
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Letter of Credit
Is letter of Credit recorded under Bank as restricted cash or under current assets?
Assume the company has deposited the funds into a CD to get the letter of credit. What is the JE to book it?mmali1979
- Mar 16th, 2010
Dr. to Bank Gurantee A/cCr. to Particular Bank A/c.Being Certain amount deposited in a bank for bank Gurantee for certain time/period.Once transaction finished pls reversal the same entry.Dr. to Particular Bank A/cCr. To Bank Gurantee A/c
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Contributioin Margin
What is contribution margin and how it is calculated?
steadyshot23
- Mar 18th, 2010
Contribution Margin is simple (Sales-Variable Costs= Contribution Margin)
sathyapidugu
- Oct 7th, 2008
Contribution means Total Sales-Variable Cost= Contribution Contribution is a combination of Fixed expenses + or - profit meansIf Sales are 10000 and Variable cost is 7000 and Fixed cost is 3200 then contribution margin is -200
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Distinguish break even point from margin safety
steadyshot23
- Mar 18th, 2010
Break Even point is Total Fixed Expenses/CM Ratio or Unit. In another hand Margin of Safety is Actual Sales - Break Even point. So you need to figure out the break even point first in order to e...
naman1
- Nov 23rd, 2008
BEP means sales level at which total cost of the product are equal. MOS means what business sales above the BEP level sales.
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Trail Balance preparation
Why do we prepare Trail Balance?
steadyshot23
- Mar 18th, 2010
Trial Balance is prepared in order to see if Debits=Credits. If Debits=Credits then you proceed to prepare an income statement. Then prepare a balance sheet. Plain and simple.
sathyapidugu
- Oct 8th, 2008
In Accounts Perspective: Trail balance will be prepared to know the Arthamatic Accuracy of all the accounts with in a given period normally yearly basis.This statment consist of heads belongs to ...
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Comprehensive Income
What is the meaning of Comprehensive Income
steadyshot23
- Mar 18th, 2010
Comprehensive Income is reported after Net Income. Net Income is included in the Comprehensive Income computation, as well as any unrealized gains or losses net of tax, derivatives are adde...
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Periodic and Perpetual method
What is the difference between the periodic and perpetual method, How will you record it your book?
steadyshot23
- Mar 18th, 2010
A periodic inventory system adjusts inventory and records costs of goods only at the end of each reporting period. Since you have to count your ending inventory by hand. Perpetual inventory system continuously records both changes in inventory quantity and inventory costs.
ajspalia
- Nov 27th, 2008
I am not sure in what context the user is asking but periodic and perpetual are two methods used for inventory control. Periodic inventory is undertaken more commonly to calculate the value of a...
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Declining Inventory Prices
When inventory prices are declining the, FIFO method will generally yield a gross profit that is:A Less than the LIFO methodB Equal to the average cost methodC The same as that from any other costing methodD Higher than the LIFO method.
steadyshot23
- Mar 18th, 2010
Gross Profit is always higher for FIFO than LIFO. Cost of Goods sold is going to be always higher for LIFO and lower for FIFO. LIFO tends to go for more of a tax break approach. Comp...
niki_1079
- Jan 1st, 2010
It would be less then Lifo Method Definitely, as inventory prices are declining. if inventory prices are increasing then it would be higher then LIFO method.
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