Written on Nov, 12, 2011 by in | Leave a comment

Brief Description:- No one knows what will happen in next moment? It is not a philosophy but very true. In general life, we make the estimate for all the genuine expenditure to be done. But we make a provision for certain wanted or unwanted expenditures also. For example we keep the reserves for medicines, social obligations and some other legal …

Written on Nov, 12, 2011 by in | Leave a comment

Brief Description:- As we know that a business firm need proper funds to run its business smoothly. Mainly, the money is being invested by the owners of the firm or shareholders of the company. If the company needs more funds then it takes loans from outsiders. Some time what happens is that the company is new in the market and …

Written on Nov, 12, 2011 by in | 24 Comments.

Brief Description:- As we know that the basic purpose of preparing the trial balance is to see the arithmetical errors in the accounts because in accounts,  maximum work relates to figure work. Though there are some other errors which occur while preparing the accounts and do not relate to arithmetical errors but these errors can be traced out with proper …

Written on Nov, 12, 2011 by in | Leave a comment

Brief Description:- When a business firm takes loan without any security against the loan that is called unsecured loan. The loans can be given by the person who is connected to the business firm directly or indirectly but outsiders also can give the loan to the business firms. The risk in unsecured loan is that in case of default of …

Written on Nov, 12, 2011 by in | Leave a comment

After the posting of the entries is done into ledger, the total and balancing of individual accounts are done on a particular date. Every account  shows the debit balance or credit balance or nil balance. These balances of accounts are put on a list and that list is called as trial balance. It means all the closing balance of all …

Written on Nov, 12, 2011 by in | Leave a comment

Brief description:- Trial balance is periodical statement which is made on a particular date with the help of the ledger and cash books to check the arithmetical errors in the accounts. The closing balance of the accounts are shown in trial balance on a particular date. The final accounts are prepared with the help of the trial balance. The Uses …

Written on Nov, 02, 2011 by in | Leave a comment

Brief Description:- As a layman, the net profitability of a firm can be measured by comparing the investment in business at the time of commencement of business and at the realization at the time of  liquidation of a firm. But it will be a very very  long period. On the contrary of it, a businessman would like to know the …


Related pages


carriage inwards and outwardsaccrued income examplespost closing trial balance containscheque receipt templateledger in accounting exampleincome tax slab 2014 15 assessment yearsunk fundwho has to deduct tdscheque receipt templatesample income tax calculationdeduction of tdswhat is an interim auditsample tax computationincome tax slab 2012 13 assessment year 2013 14section 80tta of income taxcheque received receipt formatbank reconcilation statement formatincome tax slab for ay 2013-14memos meansexamples of income tax calculationsaccounting ledger booksjournal entries for share capitalexpenses voucher sampleexplain bank reconciliation statementcash cheque receipt formataccounting debit and credit rulescomputation of taxable salary income formattally inventory managementaccounting rules of debit and creditformat of p&l accountbank statement sbiwhat are p&l accountsbank cash book formatmeaning deferred revenue expenditure give examplestrial balance definition in accountingdifference between sundry debtors and sundry creditorswhat is tds taxtally question bankwho is sundry debtorsqualities of auditorsbrs statementtds on professional chargestally head officejournal and ledger entries examplessinking fund example80u deductioncalculate vat taxadvantages of interim auditcontra entry meaningsample income tax calculationay 13 14 tax slabqualities of auditorsmeaning of conveyancescommuted value definitioncartage and freightprovision for expenses journal entryjournal entry in tallywhat is ledger postingcash payment voucher samplelearn tally coursejournal entry for interest accrued on fixed deposittally lessonsunsecured loans from directorsformat of bank reconciliation statementfundamentals of tally erp 9discount allowed journal entrysinking fund in accountingtax on commuted pensionproforma of profit and loss account and balance sheetsample payment voucher formatsundry creditassets meaning in telugusinking fund in accountingincome tax calculator for ay 2012 13tds on subcontractorsample of ledger