What is the difference between ordinary shares and Preference share?

vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Oct 12th, 2008

Ordinary shares better knows as Equity shares have following characteritics:a. They can participate in Annual General Meeting and voteb. They do not have any fixed rate of return (dividend)c.  Th...

vinodkumarsmay1979

• Sep 25th, 2007

Preference shares have the preference over ordinary shares when it comes to dividend and repayment of capital

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What Account is Salary outstanding? Is it real, personnel or nominal account?

Khushi

• Dec 11th, 2018

How to calculate outstanding salary when it is for only 1 month

naman bagga

• Dec 7th, 2017

O/s expense is an expense which is still to be paid like unpaid rent, unpaid salary and many more. It is a type of liability actually. It is a expense in which we have used the service or taken the service but the amount is not paid or given.

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SALIMALI

• Apr 12th, 2018

When Create Provision

Expenses A/C Dr
To Provision for Expenses Cr

When We book the Invoice for the Expenses
Provision for Expenses A/c Dr
To Accounts Payable A/C Cr
When we make the payment
Accounts Payable A/c Dr
To Cash/Bank/PDC Payables

Ceaser

• Feb 25th, 2018

Provision is a liability account and not an expense account

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What are the advantages of Computer accounting over Paper accounting?

vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Aug 31st, 2008

There are more than thinkable advantages of computers for accounting purposes.First: For management accounting purpose, or for that matter if you are running a company, you need to know exactly whethe...

anirudhsanthanam

 Profile Answers by anirudhsanthanam Questions by anirudhsanthanam

• Jul 22nd, 2007

Since accounts are prepared throu computers frauds cannot be commited easilyand also with the help of tally u can easily pass journal entry and also finalisation of accounts

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How to prepare finalisation accounts?

khaleel ibrahim

• Apr 24th, 2015

Finalization accounts means prepare to final account.first of all journal entries,ledger and trial balance and trading and profit/loss accounts.and also balance sheet.

lakshmi

• Feb 6th, 2015

Finalization ac is a statement which is considered to know financial statement of a business. for a business it is very necessary to know. it is prepared after profit and loss ac.

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Neha

• Oct 1st, 2017

Departmental accounts is maintain by different department of an organization. For known about there profitability, growth, degree of risk, etc.

A business is generally split up into a number of departments when it sells different types of goods and services under a same roof.

Aaron peter chilot

• Jun 13th, 2017

Department account: It is an organisation that may be operative into separate department. Therefore the trading result of each department must be ascertained.

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