Hemant

• Mar 19th, 2014

Standard remittance is the part credit sales against any other documents.Bill receivable remittance is the part of credit through Bank.

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Number of reconciliation

priya

• May 13th, 2014

My opinion is reconciliation is a differences between the bank passbook and customers cash book

Hemanta Behera

• Mar 19th, 2014

Reconciliation is the part to tally every transaction.

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Why always Liabilities are on left side and Assets on right side in Balance Sheet?

Ankit Jain

• Jul 9th, 2014

Liabilities side of balance sheet deals with how the funds are raised whereas the assets side of balance sheet deals with how the funds are invested. Firstly the funds are raised (by incurring liabili...

steadyshot23

 Profile Answers by steadyshot23 Questions by steadyshot23

• Mar 18th, 2010

The accounting equation is Assets= Liabilities + Stockholders EquityAs you can see the assets  are on the left and Liabilities are on the right. On the Balance sheet Assets are reported first and Liablities and Stockholders Equity after.

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hi, I need information about financial and cost accounting in MRO Center (aviation) .

Shrutika Rastogi

• Jul 18th, 2014

Financial?accounting?deals?with?arrangement?of?funds?whereas?cost?accounting?deals?with?management?of?cost?and?cost?centers,cost?control.

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What is the difference between Master Data Goverance and Master Data Management?

Arvind

• Aug 9th, 2014

Management is an age-old term that is synonymous with ADD/MOD/DEL of Master Data (master data is those bits of info which dont change or change very rarely, for ex Customer details like Name, Address,...

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Mahmood

• Sep 11th, 2014

Perpetual is used for daily record or record as up to date of a good sold.. And Periodic is used for a long or a period ended record, periodic is used for a period of 1 month , 6 months or a year.. I hope u understood the difference between both.. Mahmood Latif..

Sikander Riaz

• Jul 6th, 2012

In periodic costing we come to know about the cost incurred at the end of the time period, whereas in perpetual cost we know about the cost incurred at each and every moment. Perpetual inventory system uses LIFO,FIFo and average cost method

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What would be the post condition for sundry transaction when it comes to creditors?

zubair

• Oct 13th, 2014

Merit and demerit depreciation

Amrit Maharjan

• Jun 6th, 2012

It will be recorded in credit side

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sindhuja

• Dec 8th, 2014

All Accounting Ledgers in mentioned period reconcile &
After that finalize Trading & Profit & loss A/c &
Balance sheet called finalization of accounts.
Finalization of Accounting entries like Provision of Expenses, Depreciation etc

sohail

• Oct 11th, 2014

Somebody explain me process of A/C finalization

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satish

• Dec 30th, 2014

Salary A/C DR
To Salaries Payable A/C
To TDS payable A/C
To EPF Payable A/C
To ESI payable A/c

MUNIKRISHNAPPA K

• Oct 30th, 2014

TDS A/C DR
EPF A/C DR
ESI A/C DR

Outstanding liability CR

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What is the full form of acronym FPNA?

zaiba iqbal

• Jan 10th, 2015

Financial planning and analysis

kristopher11

 Profile Answers by kristopher11 Questions by kristopher11

• Jun 6th, 2009

Fellow Professional National Accountant

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sharmila s

• Feb 25th, 2015

Cash doesnot include any credit and kind but fund includes every thing.. money or in the forms of money plus credit and kind.

Mou

• Jun 22nd, 2014

Cash is an asset but fund is liability (Like shareholders fund or Creditors Fund etc.). Fund is greater concept which may or may not be in liquid form where as cash is a liquid asset.

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What is meaning of Stale Cheque?

Zee

• Apr 19th, 2015

Cheque is valid for 3 months Older the current date "current delegation". So before 3 months dated cheque is stale.

Kuldeep Shaw

• Jan 10th, 2015

The above two answers are not up to date.
Currently a cheque is valid for only 3 months from the date of signing it.
after that it will be considered stale and will not be eligible for encashment at the counter.

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premkumar

• Apr 22nd, 2015

Which one is better oracle financials or sap fico

Praveen Chadra Chowdari Potturi

• Oct 15th, 2007

Dear Sir/ MadamI want to know the difference the between SAP fico and Oracle financials while implementation and to work on.RegardsPraveen Ch. Chowdari

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How to prepare finalisation accounts?

khaleel ibrahim

• Apr 24th, 2015

Finalization?accounts?means?prepare?to?final?account.first?of?all?journal entries,ledger?and?trial?balance?and?trading?and profit/loss?accounts.and?also?balance sheet.

lakshmi

• Feb 6th, 2015

Finalization ac is a statement which is considered to know financial statement of a business. for a business it is very necessary to know. it is prepared after profit and loss ac.

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Abdul Qayyum

• Jun 13th, 2015

Hello there all: can anyone kindly send me the complete accounting procedures including financial statements and all kind of adjusting entries e.i. from starting to ending full process how to make complete set of accounts. thanks.

hifi55

 Profile Answers by hifi55 Questions by hifi55

• May 4th, 2009

Final accounts consists of trading a/c, P&L a/c and balance sheet. All ?the amounts from trial balance are taken to prepare these accounts. In Trading a/c all the transactions which are related to a ...

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If my companies service tax is paid by my own a/c. After that my company pay the amount to me by issuing a cheque for me, then what is the journal entries for all this and how should I pass the entry in Tally?

Prashant

• Jul 13th, 2015

Create an Imprest Account in name of Individual paying the service tax. Entries will go like this 1- Service tax payable a/c Dr. ........... To Indiv. Imprest A/c ......

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How to account for Letter of Credit in the Books of Accounts of the Company ?

Md. Mamun Kabir

• Aug 4th, 2015

LC Related all Accounting Solution

a. kalyanaraman a. kalyanaraman

• Jan 24th, 2014

Difference between inland lc and foreign lc in accounting journals

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Waheed Yakout

• Sep 7th, 2015

"LC" Letter of credit is strong guarantee specially through international transaction, It is so safe for both of seller and buyer, LC contain of 4 arms "Supplier, Supplier bank, Buyer and Buyer bank"

miki

• Sep 6th, 2011

Letter of credit is the way of banks agreement which buyer's are paying to seller.

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What is the rate of TDS in puchase of land in corporation area in Kerala

A.S.Madhavan

• Nov 11th, 2015

Purchase of property does not attract TDS as there is no service involved, commission/brokerage for purchase of property can be charged with TDS @2%.

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utsav

• Dec 14th, 2015

Retail invoice cannot be considered as a "cash receipt" since, the retail invoice is just as quotation or bill. Whereas cash receipt is proof of payment.

Narasimhaprasad K

• Feb 24th, 2014

Retail invoice is for detailed product or services details as price per Quantity, rate, and Tax on product and Unit of measure...etc.,

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