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accounting theory & practice, Accounting Standards
procedure followed in govt.system of accounting in india
Posted Date: 3/29/2013 2:24:55 AM | Location :
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Issue of shares, What take place in a rights issue of shares? 1. Any pre...
What take place in a rights issue of shares? 1. Any premium on issue is added to a capital reserve. 2. Any type of premium on the issue is added to a revenue reserve. 3. A
Borrowing Costs, Applicaion of Specific And General Loan
Applicaion of Specific And General Loan
Accounting standards, Along with a view to harmonise varying accounting pol...
Along with a view to harmonise varying accounting policies and practices recently utilize in India, the Institute of Chartered Accountants of India (ICAI) created the Accounting St
Governmental accounting standards board, In 1984 the Governmental Accountin...
In 1984 the Governmental Accounting Standards Board (GASB) was recognized with a fulltime chairperson and four part-time members. The GASB issues statements on financial and accoun
Goodwill., Dear Sir, I am an accountant working in a company with limited ...
Dear Sir, I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our company. One of the existing partner (B) of the comp
Net sales, This includes both cash and credit sales of goods. From this dem...
This includes both cash and credit sales of goods. From this demonstration of total sales, sales return also termed as Returns Inward, if any then is deducted in the inner column a
Financial statement, describe why a high stock turnover is considered to be...
describe why a high stock turnover is considered to be a good thing
Machine installments.., i buy machine 70% cash 30% installments.i have char...
i buy machine 70% cash 30% installments.i have charged 100% cost to asset and capital so when i pay first installment i debit installment expense and credit bank so my question is
Imputed interest, Imputed Interest - If no interest or an unrealistic amoun...
Imputed Interest - If no interest or an unrealistic amount of interest is charged in a salve involving certain kinds of deferred payments, then transaction would be treated as if r
Difference between trading and profit and loss account, 1. Trading account ...
1. Trading account is prepared so as to calculate gross profit or loss, whereas the function of the profit and loss account is to disclose net profit or loss. 2. Trading account
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