Tag: basis of accounting

It SA/cs is done and by mistake A's account is transferred to Purchase No in such a case which accounts are affected? 

Bank balance as per cash book of ABC Enterprises as on 31st March, 2013 is f 1,500. Cheques deposited with bank but not cleared amount to f 100 and cheques issued but not presented for payment amount to f 150. The bank allowed interest amounting to Rs.50 and collected dividend Rs.50 on behalf of ABC Enterprises. Balance as per pass book should be ____________.

Consignee sends to consignor ________________.

No person can act as a managing  director of more than ____________.

Social obligation of accounting refers to ________________.

Combination of Printing and Dyeing companies is type of _____________.

The basis for the payment of cash by contractee under contract is __________.

If an allocated indirect cost is 1500 and actual in curred indirect cost is 1500 and actual in curred in direct costis 1200, then this is classified as _____________.

An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as ______________.

Under cash basis of accounting, revenue is recognized when _____________.