How can we caluculate HRA, DA, DP in taxation.
Formely Tax Accounting is stated as upper level accounting, how can we demonstrate it?
What is the difference between financial account and financial statement
Latest Answer: Financial Account is an Individual ledger of an account (Ex: Sales A/c, Purchase A/c, Vendor A/c, Customer A/c), whereas Financial Statement is a final picture of an organisation like Profit & Loss Account and Balance Sheet ...
Why always Liabilities are on left side and Assets on right side in Balance Sheet?
Latest Answer: It is nothing but convention.In United States they mention Assets on left and Liabilities on the right side.Vasudeo ...
Using Periodic inventory system: debit creditMerchandise inventory 7/1/05 32,000Sales 380,000Sales returns 12,000purchases 240,000 purchase discounts 6,000purchase returns 10,000freight-in
Why do we prepare Trail Balance?
Latest Answer: In Accounts Perspective: Trail balance will be prepared to know the Arthamatic Accuracy of all the accounts with in a given period normally yearly basis.This statment consist of heads belongs to REAL ACCOUNT AND PERSONAL ACCOUNT Trail balance will ...
Which items belong in income statement and do not belong in balance sheet statement
Latest Answer: examples of a income statement and balance sheet ...
How do you calculate sensex points?
Latest Answer: Sensex or for that matter any index in any capital market acts as the barometer of the economy. When economy is on rise then the index shoots up and vice-versa.There is presumed to be co-relation between earnings of a company and its market price. When ...
What is meant by reserves?
Latest Answer: The word reserves is always used along with Surpluses.Surplus means any trading/business surplus in any financial year. While reserve means money kept aside for specific purpose.Example: General Reseve (kept aside for general contingency purpose)Debenture ...
How do you cope with multiple deadlines, if there are all asked at once ?How do you prioritise them ?How do you handle the pressure in this kind of situation ?Do you feel energised by them ?
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