How do you prepare MIS Report?
Latest Answer: That depends on management requirement.....what ever the management ask we have to present that report ...
What is the diffrence between Travelling and Conveyance
Latest Answer: Travelling exps means expense incurred for long journey (by way of bus / train etc..) Conveyance is a petty exps. using for short journey I think this is apt answer for the question.Regards,Mahesh .kochi ...
What are the objectives of Accounting?
Latest Answer: There are two main objectives of accounting:1. To ascertain the profit or loss earned by the firm2. To know the financial position of the firm ...
What is Amortization?
Latest Answer: Amortisation is a concept very similar to depreciation.In case of depreciation, it is charged to assets marking reduction in their value.In case of loans the repayment means amortisation.In case of certain assets which are not tangible assets their reduction ...
Explain about contralling accounts.Explain about Subisidiary Ledger.Explain about mixied accounts.
Latest Answer: Controling accounts are Sundry Debtors and Sundry CreditorsSub-Ledgers are Vendor accounts and Customer Accounts ...
Bridge loan means temporary finance provided to the company to finish of the project after that the company needsto repay the loan.
Latest Answer: A bridge loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained. ...
What are debt securities?
Latest Answer: Debt securities are the securities which are debt in nature.There are 2 kinds of funds raised by any company or government. 1st is called equity and 2nd is called debt. A company can raise both while government can raise only debt from people.When debt ...
What is minority interest?
Latest Answer: Minority means lower than 50%.Minority interest means the amount invested by minority.Generally minority interest is never calculated. It is calculated only when one company takes other company over. Or in case of Mergers and amalgamations.When there ...
How to account for Letter of Credit in the Books of Accounts of the Company ?
Latest Answer: 1-Debit the account of the applicant with us and credit the bank of the beneficary with the equal money 2-Debit applicant account with us and credit the suspense account with us when the applicant pay for us. ...
Cash budgets in the compnay must be prepared before the operating income budgets?Yes / No? Explain why
Cash budgets in the compnay must be prepared before the operating income budgets?Yes / No? Explain why
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