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When does a debtor become a creditor?
vishnu ghiya
- May 15th, 2009
On?only one case - If he become a product supplier & we purchase the material from the party who is debitor for us.
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What is operative accounts ?
veerabhadrudu_sripati
- Jun 12th, 2009
An operative accounts means?an account for day-to-day operations of the business.
SONIA AGARWAL
- Feb 6th, 2007
Operative account means Account which is operate by the owner of the A/c regularly.
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In EOQ, is Carrying cost is more, less or equal to Ordering cost, Explain?
pallapu99
- Jul 3rd, 2009
EOQ is the quantity of order where we can incurr the minimun inventory cost. at this level of purchse both total Carring and total ordering are equal since it is optimum level of ordering quantity.
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What is known as direct debit in bank reconcilation?
c7831887
- Jul 23rd, 2009
The charges, Interest and other fess debited by bank is called direct debit. We have to pass entries accordingly after reconciliation based on the bank statement.
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What are Accrual, Provision and Reserve?
koteswararao.purimitla
- Jul 25th, 2009
We create any outstanding or Expenditure are Income is called Accrual. It is not actual received or paid specific period, but these are earned are expended preset specific period. This transaction is not effected on the cash present period, only effected on books only.
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What are the assumptions of BEP analysis
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HRA, DA and DP caluculate in taxation
How can we caluculate HRA, DA, DP in taxation.
amarnath111
- Jul 30th, 2009
DA is calculated on certain % fixed on basic & there is no rules for DA calucalation
amarnath111
- Jul 30th, 2009
HRA calculated as1. 40% (in case of other cities) & 50% (in case?of metro cities)?of?the saalry2. Rent paid - (minus) 10% of the salary3. Actual HRA received
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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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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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