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Ask QuestionPosted by Kammu Gaming 5 years, 5 months ago
- 2 answers
Sheetal Kaushik 5 years, 5 months ago
Posted by Khushi Choubey 5 years, 5 months ago
- 2 answers
Sneha Goel 5 years, 5 months ago
Posted by Nikhil Sharma 5 years, 5 months ago
- 3 answers
Umesh Yadav 5 years, 5 months ago
Posted by Sachin Bhardwaj 5 years, 5 months ago
- 1 answers
Yogita Ingle 5 years, 5 months ago
A fictitious assets is not an actual assets.It is just the not write off the losses of the business happened due to some event of busines.These are not transfer to P&L becz they follow the going concern principle of accounting. It is believe that these losses will occur on the affairs of business which provide the benefits for a few years.So,these will be written off with proportionate amount in the coming years of the business..e.g, preliminary expenses,discount on issue of debentures.and so on.
Posted by Mayur Singh 5 years, 6 months ago
- 4 answers
Gaurav Seth 5 years, 6 months ago
|
Particulars |
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|||||
| i ii iii iv v vi |
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|
100 800 3,520 650 50,870 55,940 |
Gaurav Seth 5 years, 6 months ago
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Bank Reconciliation Statement of Naman as on March 31, 2013 |
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S. No. |
Particulars |
(+) Amount Rs |
(–) Amount Rs |
|
Balance as per the Cash Book |
40,960 |
|
|
|
(a) |
Bank debited charges |
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100 |
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(b) |
Amount directly paid by debtor into bank account |
2,000 |
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(c) |
Cheques issued but not presented for payment |
12,980 |
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(d) |
Discount charges of bill was omitted to be recorded in the Cash Book |
|
800 |
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(e) |
Amount debited in bank column of the Cash Book but not deposited in bank |
|
3,520 |
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(f) |
Cheque dishonoured not recorded in the Cash Book |
|
650 |
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|
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||
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Balance as per the Pass Book |
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50,870 |
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|
55,940 |
55,940 |
Posted by Mayur Singh 5 years, 6 months ago
- 1 answers
Gaurav Seth 5 years, 6 months ago
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Bank Reconciliation Statement of Mr. Mohit's Current Account as on<i style="user-select:text !important"> </i> December 31, 2005 |
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S. No. |
Particulars |
(+) Amount Rs |
(–) Amount Rs |
|
Balance as per the Pass Book |
20,000 |
|
|
|
(i) |
Cheque issued from saving account wrongly credited in current account in the Pass Book |
400 |
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(ii) |
Cheque issued but not presented for payment |
|
500 |
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(iii) |
Cheque issued but not presented for payment and twice credited in the Cash Book |
|
1,000 |
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Balance as per the Cash Book |
|
18,900 |
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|
20,400 |
20,400 |
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Posted by Drift? Boi? 5 years, 6 months ago
- 3 answers
Sheetal Kaushik 5 years, 5 months ago
Yogita Ingle 5 years, 6 months ago
Accounting is a process of identifying the events of financial nature, recording them in Journal, classifying in their respective ledgers, summarising them in Profit and Loss Account and Balance Sheet and communicating the results to the users of such information, <i>viz.</i> owner/s, government, creditors, investors etc.
According to the <i>American Institute of Certified Accountants</i>, 1941, “Accounting is an art of recording, classifying and summarising in a significant manner and in terms of money transactions and events that are, in part at least, of a financial character and interpreting the results thereof.”
Posted by Divyaang Gupta 5 years, 6 months ago
- 5 answers
Sheetal Kaushik 5 years, 5 months ago
Ishu Sharma 5 years, 6 months ago
Ishu Sharma 5 years, 6 months ago
Ishu Sharma 5 years, 6 months ago
Ishu Sharma 5 years, 6 months ago
Posted by Ishu Sharma 5 years, 6 months ago
- 5 answers
Carry Minati 5 years, 6 months ago
Posted by Aksh Bhatia 5 years, 6 months ago
- 1 answers
Posted by Ekta Agrawal 5 years, 6 months ago
- 4 answers
Ishu Sharma 5 years, 6 months ago
Posted by Rashi Soni 5 years, 6 months ago
- 1 answers
Yogita Ingle 5 years, 6 months ago
1. Income statements (Trading and/or Profit and Loss Account)− An income statement that includes Trading and Profit and Loss Account, ascertains the financial results of a business in terms of gross (or net) profit or loss.
2. Balance Sheet− It depicts the true financial positions of a business that provides required information like assets and liabilities of a business firm, to the users of accounting information like owners, creditors, investors, government, customers, shareholders etc.
Posted by Pubg ??? 5 years, 6 months ago
- 5 answers
Dhruv .. 5 years, 6 months ago
Posted by Sachin Goyal 5 years, 6 months ago
- 0 answers
Posted by Pubg ??? 5 years, 6 months ago
- 5 answers
Posted by Pubg ??? 5 years, 6 months ago
- 5 answers
Carry Minati 5 years, 6 months ago
Carry Minati 5 years, 6 months ago
Posted by Pubg ??? 5 years, 6 months ago
- 5 answers
Carry Minati 5 years, 6 months ago
Yogita Ingle 5 years, 6 months ago
The economic value of an item which is possessed by the enterprise is referred to as Assets. To put it in other words, assets are those items that can be transformed into cash or that generates income for the enterprise shortly. It is useful in paying any expenses of the business entity or debt.
Posted by Pubg ??? 5 years, 6 months ago
- 5 answers
Pubg ??? 5 years, 6 months ago
Carry Minati 5 years, 6 months ago
Posted by Pubg ??? 5 years, 6 months ago
- 5 answers
Carry Minati 5 years, 6 months ago
Posted by Ayushi Raghuvanshi 5 years, 6 months ago
- 1 answers
Meghna Thapar 5 years, 6 months ago
The accounting process is a series of activities that begins with a transaction and ends with the closing of the books. Record the transaction by making entries in the appropriate journal, such as the sales journal, purchase journal, cash receipt or disbursement journal, or the general journal. The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Posted by Anu Arora 5 years, 6 months ago
- 1 answers
Sia ? 4 years, 7 months ago
Normally the following types of vouchers are used: (i) Receipt Voucher. (ii) Payment Voucher. (iii) Non-Cash or Transfer Voucher or Journal Voucher. (iv) Supporting Voucher.
Posted by Akankshya Mohanty 5 years, 6 months ago
- 0 answers
Posted by Abhinya Srivastava 5 years, 6 months ago
- 1 answers
Meghna Thapar 5 years, 6 months ago
The basic role of accounting is to provide relevant financial information to the businessmen and the stakeholders. Furthermore, facilitating the decision making processes and keeping them updated. There are two types of functions of accounting, first, historical functioning and second, managerial functionals. The main functions of accounting are to keep an accurate record of financial transactions, to create a journal of expenditure, and to prepare this information for statements that are often required by law. The most basic function is to record the data.
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Sheetal Kaushik 5 years, 5 months ago
0Thank You