satya

• Aug 20th, 2006

Assets in Banks are Loans and Advances given to borrowers. These Assets are divided into 4 categories. they are1. Standard Assets:These accounts are good and the borrower is repaying the loan as per s...

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srinivas g

• Oct 14th, 2006

in business transactions which is a recent transaction .it is call dormat account

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T.Prasad

• Aug 11th, 2006

Hi, This is prasadStep involved in project implementation :a. Identification of the need. b) Idea generation and screening of ideas.  c) Feasibility Study. d) Project Development  e) Impleme...

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c7831887

 Profile Answers by c7831887 Questions by 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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Dr. English

• Oct 2nd, 2007

Are you asking an accounting question or an IT question?  Cash discounts flow through the income statement regardless of what software you are using.DE

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anuradha

• Jan 30th, 2007

Meaning of Accrual: Revenues and costs are accrued (gathered), that is recognised as they are earned or incurred (and not as money is received or paid) and recorded in the financial statements of the ...

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SONIA AGARWAL

• Feb 5th, 2007

Calender maintaince means update the sales , purchase and accounts records. Simply meaning is maintain the records monthly, quaterly, half yearly and yearly.

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Ramesh Sangameswaran

• Jun 11th, 2007

Service Tax is a form of indirect tax imposed on specified services called taxable services. Presently it covers 58 services.? service tax shall be paid by the service provider but?collected f...

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shailendra kumar

• Dec 28th, 2006

Generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated with specific projects or jobs

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vijay saxena

• Oct 24th, 2006

planning is future goals of any business aspect they can be categorised into three partsstratigical planning uses by top level management.(board of director, M.D for 5-10 yrs long)tactical planning us...

sajeev

• Oct 22nd, 2006

It is  a common question in interview, on the basis of cv Planning is a group work, so we find what work we done on the planning process. Every work is group work so we find what work we done in every part of Accounting

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vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Mar 22nd, 2009

Dear Friend,I work in a company engaged in capital market. Now your questions. What would you do if you did not have to work for a living? This is more or less a personal question and hence answer it ...

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malaikani rajamani

• Aug 10th, 2007

Actually reconciliation is much important in credit bound modern organization. this only shows exactly how, relally a company have in bank account. so, organization payment and investment policy purel...

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deepak3218

 Profile Answers by deepak3218 Questions by deepak3218

• Jan 16th, 2009

Account Voucher nothing but a proof of transaction made.? In future any problem will occurs then account voucher plays major support.

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Chandra Shekar

• Jun 17th, 2007

Premises is and Fixed Assed in the accounting sense which is shown in the balance sheet in final accounts Vat adjustment is  out put tax - input tax  the vat which is paid on purchase will be decucted from vat colledted from sales this adjustment is known as vat adjustment

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lvmWHAT

 Profile Answers by lvmWHAT Questions by 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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Who invented double entry system?

vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Oct 12th, 2008

It is not really known but the one who is credited for the same is LUCA DE BARGO PACIOLIhe was calss mate of Leonardo da Vinci.book Summa de arithmetica in 1494 was wrote by himThis book mentions doub...

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What is Contingent Liability?

Shoukat Zaman

• Sep 5th, 2007

Contingent liabilities are liabilities that may or may not be incurred by a company and which depend on the outcome of a forthcoming event

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What is Back Flash Accounting and explain with an example

Muralidharan J

• Jul 25th, 2007

When you report Finished goods production in the system,?raw materials/packing materials/chemicals will be issued automatically by the system as per the Bill of materials specified in the system for that specific finished?product?

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What is prepaid expense and what are its effects?

arjun

• Aug 7th, 2007

Prepaid expenses are those expenses which are paid in advance, and whose benefit will be available in future.

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How does posting acctounts payable and receivable effect the general ledger?

Muralidharan J

• Jul 25th, 2007

Once the posting is done, then the debtors/creditors ledgers are updated and the correct balance is reflected in the ledgers.

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