How to prepare finalisation accounts?
Latest Answer: The final accounts are:Manufacturing Account,Trading Account,Profit And Loss Account,Profit and Loss Appropriation Account andBalance Sheet.The process of finalisation is something like this:Prepare a Trial BalanceSee whether it agrees or notIf it does ...
Latest Answer: Capital receipt is a receipt when you sold any business asset like building, machine, furniture etc. Where as revenue receipt refers to receipt of sale proceeds, comission received, tax refund etc. ...
The principles of developing an accounting information system do not include a usefulnessb flexibilityc cost effectiveness d elimination of human involment
Latest Answer: Departmental accounting is not a norm as far as I know.It is so because, each department does not need to calculate its profits or losses.In case where the company needs any department or a set of departments to work in such manner where their profit/loss ...
Latest Answer: Service Tax is a form of indirect tax imposed on specified services called “taxable servicesâ€. Presently it covers 58 services. service tax shall be paid by the service provider but collected from the service receiver.Excise is also a form of indirect ...
Latest Answer: The word budget means financial planning activity.Capital Budgeting means financial planning for long term capital expenses.A company may think of diversification, backwardation, forwardation, merger and acquisition, setting up SBU etc.For all these, ...
What is purchasing order?What is vendor?What is sarbanes-oxley act?what is debit and credit note?What is basic accounting principles?what is dual aspect concept?what is depreciation? and how many types and details?what is cash flow and funds flow?what is capital gain?
Why in the interview of accounts by a CA a candidate is asked that whether he knows to make the Reconciliation Statement?
Tell me about a time you identified a problem and came up with the solution?What did you do?Describe a typical day at your current employer?Describe a project that required a high amount of energy over
Latest Answer: Friend,The questions you have posted are quite common questions and are no way related to accounts manager as such.Anyway, Accounts manager is the person who looks after all books of accounts, ledgers, cash books, vouchers, requisition slips, etc.He is ...
What would you do if you did not have to work for a living?Why is joining capital market company a critical step toward your short and long-term career goals? (250 words limit)Each of our applicants is unique. Describe how your backgrounds, values, education, trainings, activities, and/or leadership skills will enhance the experience of other capital market employee?
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