deepa

• Jun 20th, 2007

 

Purchase Order are pre-transaction document by which parties agree to purchase
at specified terms.
Vendor is a person who sell goods.

honey_2132

 Profile Answers by honey_2132 

• Oct 16th, 2007

 

A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating the type, quantities and agreed prices for products or services that the seller will provide to the buyer. Sending a PO to a supplier constitutes a legal offer to buy products or services

vasudeo007

 Profile Answers by vasudeo007 

• Aug 18th, 2008

 

Answer 1: Purchasing order means order given to purchase anything.

2. Vendor means the one who sells

3. Sarbanes-oxley act.... I don't know.

4. debit and credit note: while making entry in your books of accounts you need the documentary voucher. So the voucher made stating what entry and why it is made is
called debit/credit note.

5. basic accounting principles: search on google

6. dual aspect concept: each and every transaction has two sides.
example: when you buy a shirt, then shirt comes to you while cash leaves you

similarly if you sell the same shirt to anyone then cash comes to you while shirt leaves you.

recording both aspects of coming and going is called dual aspect concept

7. depreciation and its types: Depreciation means reducing/lowering value of an asset because of its use. Like machines/vehicles gets rusty/slow because of consistent use.

Types of depre: straight line method and reducing balance method

straight line method: writing off the value of the asset in equal instalments
reducing balance method: writing off the value of the asset on reducing balance

principle is same as straight interest and compounding interest

There is another thing called "Amortisation". which means that ceertain assets are not assets really and cannot be subject to depreciation so writing off their value is called amortisation.
Example: Intellectual Property Rights, Patent Rights, querries and mines (coal mine etc), etc.

8: cash flow and funds flow: cash flow means direct entry of cash in your business and exit of the same
funds flow means entry of funds (cash funds or non cash funds) and their exit
non cash funds may mean rise in current assets or fall in current liabilities which was not due to any cash movement

9: capital gain: when any capital asset is sold and it is sold at a higher price than its book value then that extra gain is called capital gain.
The word profit generally means revenue profits. While capital gain is generally received infrequently

Vasudeo

dinanath

 Profile Answers by 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.

vijay.rathinavel

 Profile Answers by vijay.rathinavel 

• Mar 13th, 2010

 

Cash Flow

It is a Statement showing changes in inflow & outflow of cash during the period.

A. Operating Activities,
B. Investment Activities
C. Financial Activities

The CFS allows investors to understand how a company's operations are running, where its money is coming from, and how it is being spent.

Funds Flow

It is a Statement showing the sorce & application of funds during the period.
FFS is showing the fund for the future activites of the Company