Category Archives: Accounting Solutions

Business Transactions Solutions

A company has applied for a bank loan on February 04, 2009. It was approved on March 03 of the same year, but the proceeds of such loan were credited to the company's bank account only on may 01. the loan was payable in four equal annual installments of 500,000 starting June 01,2010. It also incurs .

Interview Questions for Auditors Position

I am going to join an audit firm.  So please advice or suggest such points for a auditor like interview Questions, and how work. I have very less audit experience. Riyaz Shafi from India (1/29/2013 11:31:52)   Riyaz Shafi! Position of any auditor is very important in any firm or company. .

Solution of Debtor Control Account Problem

AOA...SIR how are you...again i want to ask about ...Debtors Control Account could you plz tell me the opening balance or opening debtor is on the debit side then closing debtor or closing balance is also on the Debit Side or it will be posted on the Credit Side...if it is on credit side then why ? grateful .

Doubt on Reserve and Surplus and its Treatment in Balance Sheet

Dear sir, I would like to say thanks for your guidelines in learning accounts and Tally CD which very helpful of learners. I have a doubt on Reserve and surplus and its treatment in the balance sheet? kindly clarify Thanks and Regards Kumar MM Kumar MM, reserve and surplus is just like .

Solution of Branch Account Problem

what are the entries for remittance from branch and remittance from head office? did it need to put in income statement? next, how the treatment if quarter of the closing stock branch is for head office? third, what are the entries, if good sent to branch from head office still not received by the .

CA from Saudi Arabia

Dear sir, My name is Noufal.  I am one of the daily reader of your  blog.  You  are doing a big job. Sir my question is, do you know anything aboute doing CA from abroad (saudi Arabia).  I am a B.Com graduate. Please reply me if you know thanks sir First of thank you Noufal for reading .

DETERMINE THE LIABILITY OF X AND Y

DEAR SIR, I have a Question pls help me A COMPANY ISSUED 2,00,000 SHARES OF RS. 10 EACH.THESES SHARES WERE UNDERWRITTEN AS FOLLOWS : X -60,000 SHARES ; Y- 1,00,000 SHARES. THE PUBLIC APPLIED FOR 1,40,000 SHARES. DETERMINE THE LIABILITY OF X AND Y. HOPE YOUR KIND CO-OPERATION WITH REGARDS, MAYURI .

Solve My Management Accounting Problem

1.Define managerial accounting?Distinguish between cost account and managerial accounting? 2.Scope and advantage of managerial accounting? 3.Limitation of managerial accounting? nazrul from Bangladesh Dear, I have already solved your problem in my accounting resource. Just go to my website http://www.svtuition.org .

Details about Accounting Program

  Dear sir, i m working as an accountant in an export company in noida. but i have basic knowledge about accounts. i want to do a professional couse for deep knowledge of accounting and for better future in terms of knowledge and money both. i have gone through many courses but no body is .

While taking investment decision, what information should I consider from the financial statement of a company?

While taking investment decision, what information should I consider from the financial statement of a company? bantora mondol from Bangladesh Antora! Every item in the financial statement is important for taking investment decision because ignorance of a small item the financial statement may .