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Ask QuestionPosted by Ajay Yadav 8 years, 7 months ago
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Posted by Vansh Oberoi 8 years, 7 months ago
- 1 answers
Posted by Aman K 8 years, 7 months ago
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Posted by Ujjwal Kumar 8 years, 7 months ago
- 1 answers
Posted by Nancy Dahiya 8 years, 7 months ago
- 1 answers
Prerna Phadnis 8 years, 7 months ago
An Expense is reported on the income statement------------For instance, an Expenditure to eliminate a liability is not an expenses, while expenditure for advertising , salaties etc. Will likely br reconded immiediately as expenses. Here's another example to illustrate to difference between an expense and an expenditure.
Posted by Ranjan Saha 8 years, 7 months ago
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Posted by Tanvi Gulati 8 years, 7 months ago
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Posted by Baldeep Kumar Sahu 8 years, 7 months ago
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Posted by Sneha Mishra 8 years, 7 months ago
- 2 answers
Naveen Sharma 8 years, 7 months ago
Deferred Revenue Expenditure is an expenditure which is revenue in nature and incurred during an accounting period, but its benefits are to be derived over a number of following accounting periods.
Posted by Saurabh Jain 8 years, 7 months ago
- 1 answers
Meghna Tyagi 8 years, 7 months ago
Posted by Abhishek Mishra 8 years, 7 months ago
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Posted by Maleka Faizy 8 years, 7 months ago
- 1 answers
Naveen Sharma 8 years, 7 months ago
Owner's equity represents the owner's investment in the business minus the owner's draws or withdrawals from the business plus the net income (or minus the net loss) since the business began. Mathematically, the amount of owner's equity is the amount of assets minus the amount of liabilities.
Posted by Suhail Khan 8 years, 7 months ago
- 2 answers
Quosain Hasan 8 years, 7 months ago
Manish Gandhi 8 years, 7 months ago
A sevice given by bank , under which one can withdrew money from account and the balance after withdrawal goes nagative in account .. thats called overdrew .
Posted by Suhail Khan 8 years, 7 months ago
- 1 answers
Posted by Rahul Sen 8 years, 7 months ago
- 1 answers
Manish Gandhi 8 years, 7 months ago
When both side total of debit and credit is given of ledger accounts , in order to tally trial balance, enter debit totals under debit balance and credit totals under credit balance. Put all the leder totals right there . trial balance will be matched.
Posted by Harsh Narwal 8 years, 7 months ago
- 1 answers
Manish Gandhi 8 years, 7 months ago
Liability which is not actually occur untill now, but may occur in future called contingent liability.
eg. court case not yet concluded.
Posted by Shashi Kumar 8 years, 7 months ago
- 2 answers
Posted by Anshuman Laskar 8 years, 7 months ago
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Posted by Anurag Jinval 8 years, 7 months ago
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Manish Gandhi 8 years, 7 months ago
Depreciation = Cost of asset - residual value / no. of years of life of asset
Depreciation= (96000+24000) - 72000 / 4 =Rs. 12000 p.a
Posted by Shivam Diwakar 8 years, 7 months ago
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Posted by Guna Reddy 8 years, 7 months ago
- 2 answers
Guna Reddy 8 years, 7 months ago
Nisha Bharti 8 years, 7 months ago
Posted by Pranav Singh 8 years, 7 months ago
- 1 answers
Manish Gandhi 8 years, 7 months ago
Capital is liability for business as owner is creditor of business.
this can be explain with the help of business entity principle. This principle says, business is a seprate entity from its owner, it has its own accounts and legal existence, one can not mixup owner's and business's transactions.
Posted by Hersh Kushwah 8 years, 7 months ago
- 1 answers
Manish Gandhi 8 years, 7 months ago
Money or anything in kind invested by owner in business is called capital.
Posted by Dheeraj Kumar 8 years, 7 months ago
- 1 answers
Manish Gandhi 8 years, 7 months ago
While preparing Bank reconciliation statement, following adjustments shold be made-
* Amount of two cheques 5000+7000=12000 rs. should be subtracted from debit balance of cash book of mahesh, as these cheques were not yet realised till date.
* Amount of three cheques 6000+8000+12000=26000rs. were to be added in debit balance of cash book given above, as these were not yet presented in the bank for payment.
Posted by Yash Kumar Sharma 8 years, 7 months ago
- 1 answers
Manish Gandhi 8 years, 7 months ago
Cash book is a subsidiary book, in which all the cash receipts are recorded on debit side and cash payments are recorded in credit side of account . Balance of cash book shows balance of cash book in business as on that date.
Posted by Deepali Pandey 8 years, 7 months ago
- 1 answers
Abhishek Jha 8 years, 7 months ago
Posted by Harsh Soni 8 years, 7 months ago
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