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Contingent Liability
What is Contingent Liability?
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Financial account and Financial statement
What is the difference between financial account and financial statement
parameswar.reddy
- Nov 19th, 2007
Financial Account is an Individual ledger of an account (Ex: Sales A/c, Purchase A/c, Vendor A/c, Customer A/c), whereas Financial Statement is a final picture of an organisation like Profit & Loss Account and Balance Sheet
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Explain Inter-Company Account
parameswar.reddy
- Nov 19th, 2007
Inter Company means Two or More Companies under one Group Company.For Example Reliance have different companies like Mobiles, Oil products, malls, telecom, etc., all these companies called Reliance Gr...
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Preparing MIS Report
How do you prepare MIS Report?
parameswar.reddy
- Nov 19th, 2007
That depends on management requirement.....what ever the management ask we have to present that report
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Contralling accounts and Subisidiary Ledger
Explain about contralling accounts.Explain about Subisidiary Ledger.Explain about mixied accounts.
parameswar.reddy
- Nov 19th, 2007
Controling accounts are Sundry Debtors and Sundry CreditorsSub-Ledgers are Vendor accounts and Customer Accounts
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What is meant by Bridge Loan?
Bridge loan means temporary finance provided to the company to finish of the project after that the company needsto repay the loan.
cashflow
- Jan 27th, 2008
A bridge loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained.
seelujangra
- Jan 16th, 2008
Bridge loans are an effective vehicle to immediately capitalize on a purchase opportunity. It is a form of short-term financing which is expected to be paid back - generally within the range of 6 to 3...
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What is the difference between inactive accounts and dormant account
Rashmi_Nair
- May 28th, 2008
An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a spec...
satya
- Aug 20th, 2006
Dormant accounts are those accounts in which there are transactions in the recent history(the stipulation may vary according to the company's rules). InActive accounts are those accounts in which transactions are being made for long time.
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If i have paid for something why cant i expense the entire amount on the income statement?why do we need to make an adjustment to the insurance policy at the end of the year? wouldn't it have easier to record the entire balance as an expense in November when the policy was ?purchased?why do I need to take an inventory count of my supplies at the end of the year?If I receive the Hydro bill on August 5th, why don't we record the transaction for the next fiscal period rather then include it in the July 31st, 2006 fiscal year end?
lvmWHAT
- May 29th, 2008
i'm pretty sure, nick, you cant expense the ENTIRE AMOUNT on the income statement because HELLO DEPRECIATION. and what is depreciation might you ask? well depreciation means that the lovely ...
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Accounting objectives
What are the objectives of Accounting?
Sweete
- Jun 24th, 2008
There are two main objectives of accounting:1. To ascertain the profit or loss earned by the firm2. To know the financial position of the firm
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Income statement and Balance sheet statement
Which items belong in income statement and do not belong in balance sheet statement
kanr707
- Jan 15th, 2008
Dear Rekha...I want to correct something if you do not mind,About the items which you mentio it in the income statement, It does not Include capital.Capital is included in the balance sheet.
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What is trade bills
shoukath
- Jul 21st, 2008
Either should be cash Invoice or Credit invoice which is belongs to Business is called Trade bill.
rama krishna
- Jul 16th, 2007
Every transaction must be supported by any document. A trade bill is a supporting document of business activities like purchases , sales, receipts, payments etc...
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Business Analyst Hedge Accounting (or derivative accounting)
This is for any of you who have worked in a role of BA Hedge Accounting.I need to get an idea of your role in that position.Who are the stakeholders? Do you need to have an in depth knowledge of derivative products?Any further detail will be helpful Thanks
vasudeo007
- Aug 18th, 2008
Hi,Even I want to work as Business Analyst. I am looking for BA position. As far as derivatives are concerned they are very simple to study.Obtaining in-depth knowledge of derivatives is not much difficult.Vasudeo
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Money Market
Explain what is money market?
vasudeo007
- Aug 18th, 2008
Money market is the market of money.Just like goods and services are sold in market money itself is also sold.That does not mean foreign currency. I mean when you buy short term deposit, treasury bill...
akki.jagani
- Jun 19th, 2008
Where we can do short time transaction of money. In money market we can borrow money for short time.
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