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Post under tag accounting
Most viewed questions under tag accounting
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+1
vote
1
answer
What are premises in accounting sense? What is VAT adjustment?
posted
Jul 7, 2017
by
Rupali Thakur
accounting
vat
+1
vote
2
answers
What should be the entry when goods are purchased at a discount?
posted
Jul 3, 2017
by
Naveen Kumar
accounting
entries
+1
vote
1
answer
How do you calculate the break-even point in terms of sales?
posted
Jul 28, 2017
by
Nway Nadar
accounting
+1
vote
1
answer
What is the difference between periodic and perpetual inventory systems in accounting?
posted
Jul 5, 2017
by
Reshmi S
inventory
accounting
+1
vote
1
answer
What is the entry when a company lends money to an employee?
posted
Jun 22, 2017
by
Shamita
accounting
+1
vote
2
answers
What is double-entry accounting?
posted
Jul 20, 2017
by
Anurag Kashyap
accounting
+1
vote
1
answer
What is an unpresented cheque or check and does it require an adjustment to the balance sheet?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
+1
vote
1
answer
What are reversing entries and why are they used?
posted
Jun 29, 2017
by
Debolina Charaborthy
accounting
entries
+1
vote
1
answer
What is the difference between a cost and an expense?
posted
Jun 22, 2017
by
Anurag Kashyap
accounting
difference
+1
vote
1
answer
What is the difference between a ledger and a trial balance?
posted
Jun 29, 2017
by
Debolina Charaborthy
difference
accounting
+1
vote
1
answer
What are the various systems of Accounting?
posted
Oct 3, 2017
by
Naveen Kumar
accounting
+1
vote
1
answer
Why some asset accounts have a credit balance?
posted
Jul 20, 2017
by
Anurag Kashyap
accounting
+1
vote
1
answer
Who is considered the father of accounting?
posted
Jul 7, 2017
by
Mukul Chag
accounting
+1
vote
1
answer
What is the effect on the income statement when the allowance for uncollectible accounts is not established?
posted
Jul 5, 2017
by
Shubham Rajput
accounting
income statement
+1
vote
1
answer
What is the entry when merchandise has been received but not the vendor's invoice?
posted
Jun 30, 2017
by
Vijay
accounting
entries
+1
vote
1
answer
Why is Rent Expense a debit and Service Revenues a credit?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
+1
vote
1
answer
What is the advantage of using historical cost on the balance sheet for property, plant and equipment?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
+1
vote
1
answer
Where does revenue received in advance go on a balance sheet?
posted
Jun 30, 2017
by
Ritika Sharma
accounting
balance sheet
advance revenue
+1
vote
1
answer
Where does the purchase of equipment show up on a profit and loss statement?
posted
Jun 22, 2017
by
Anushka
accounting
+1
vote
1
answer
What are the Steps involved in Project implementation?
posted
Jul 7, 2017
by
Rupali Thakur
accounting
project management
+1
vote
1
answer
Why would a balance sheet list current liabilities as negative amounts?
posted
Jun 29, 2017
by
Prajwal C.m.
accounting
–1
vote
0
answers
What is the difference between accounting and economic profit?
posted
Sep 21, 2017
by
Naveen Kumar
accounting
economics
+1
vote
1
answer
Where are accruals reflected on the balance sheet?
posted
Jul 3, 2017
by
Abu Anam
accounting
balance sheet
+1
vote
1
answer
What is the difference between Notes Payable and Accounts Payable?
posted
Jun 30, 2017
by
Diya Borda
accounting
difference
+1
vote
1
answer
If inventory is understated at the end of the year, what is the effect on net income?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
+1
vote
1
answer
What is the difference in Accounting and Marketing and what is so different about them?
posted
Jul 7, 2017
by
Mukul Chag
accounting
marketing
difference
+1
vote
1
answer
What is the difference between prime costs and conversion costs in Accounting?
posted
Jul 5, 2017
by
Reshmi S
accounting
+1
vote
1
answer
What is the purpose of control accounts?
posted
Jun 22, 2017
by
Sagar Sharma
accounting
+1
vote
1
answer
Why is the P&L profit entered on the credit side of the balance sheet?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
+1
vote
1
answer
In adjusting entries, how do I know which T-accounts to use?
posted
Jun 30, 2017
by
Deepak Jangid
accounting
entries
+1
vote
1
answer
If a company earns a profit, which balance sheet items change?
posted
Jul 3, 2017
by
Ati Kumar
accounting
company
balance sheet
+1
vote
1
answer
How does the accounting equation stay in balance when the monthly rent is paid?
posted
Jun 29, 2017
by
Reshmi S
accounting
+1
vote
1
answer
What is the entry for the down payment from a signed contract?
posted
Jun 29, 2017
by
Reshmi S
accounting
entries
+1
vote
1
answer
What is a capital expenditure versus a revenue expenditure?
posted
Jul 3, 2017
by
Abu Anam
accounting
expenditure
+1
vote
1
answer
What is the accrual basis of accounting?
posted
Jul 3, 2017
by
Abu Anam
accounting
+1
vote
1
answer
What is a temporary account?
posted
Jun 30, 2017
by
Vijay
accounting
accounts
+1
vote
1
answer
What to do with the balance in Allowance for Doubtful Accounts?
posted
Jun 29, 2017
by
Debolina Charaborthy
accounting
+1
vote
1
answer
Why is the accuracy of inventory valuation so important?
posted
Jun 22, 2017
by
Shamita
accounting
inventory
+1
vote
1
answer
Where does accrued interest on notes receivable get reported on the balance sheet?
posted
Jul 3, 2017
by
Naveen Kumar
accounting
balance sheet
+1
vote
1
answer
What is the relationship between cost accounting financial accounting and managerial accounting?
posted
Jun 19, 2017
by
Abu Anam
accounting
+1
vote
1
answer
What are the effects of international accounting standards on accounting practices of developing nations?
posted
Jul 7, 2017
by
Prajwal C.m.
accounting
+1
vote
1
answer
What does the word credit mean in terms of accounting?
posted
Jul 7, 2017
by
Rupali Thakur
accounting
+1
vote
1
answer
What is the full disclosure principle in Accounting?
posted
Jul 3, 2017
by
Naveen Kumar
accounting
+1
vote
1
answer
Does sales commission get reported in the income statement?
posted
Jun 22, 2017
by
Chetan Hindu
accounting
+1
vote
1
answer
What is the difference between a trial balance and a balance sheet?
posted
Jun 22, 2017
by
Anurag Kashyap
accounting
difference
+1
vote
1
answer
What is a register when referring to accounting or bookkeeping?
posted
Jul 7, 2017
by
Mukul Chag
accounting
register
+1
vote
1
answer
When will a transaction affect only one side of the accounting equation?
posted
Jul 3, 2017
by
Abu Anam
accounting
+1
vote
1
answer
What is the entry for an employee's personal phone calls included in the company's bill?
posted
Jun 29, 2017
by
Kavana Gowda
accounting
entries
+1
vote
1
answer
What is the difference between gross profit and net profit?
posted
Jun 22, 2017
by
Anushka
accounting
+1
vote
1
answer
What is reported as property, plant and equipment?
posted
Jun 22, 2017
by
Anurag Kashyap
accounting
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