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+1 vote
1 answer
What is a wrap account and what are the advantages of using one?
posted Sep 8, 2017 by Kavana Gowda
  • finance
  • accounts
+1 vote
1 answer
What is the difference between Accounts and Finance?
posted Jul 7, 2017 by Rupali Thakur
  • accounts
  • finance
  • difference
+1 vote
1 answer
Should an owner's compensation be recorded as an expense or in the Drawing account?
posted Jul 3, 2017 by Abu Anam
  • accounts
  • entries
+1 vote
1 answer
What is a temporary account?
posted Jun 30, 2017 by Vijay
  • accounting
  • accounts
+1 vote
1 answer
What is the difference between an unadjusted trial balance and an adjusted trial balance?
posted Jun 30, 2017 by Pratiksha Shetty
  • accounts
  • difference
+1 vote
1 answer
Which accounts get closed at the end of a fiscal year?
posted Jun 30, 2017 by Ritika Sharma
  • accounts
+1 vote
1 answer
What is the difference between interest expense and interest payable?
posted Jun 30, 2017 by Ritika Sharma
  • interest
  • accounts
+1 vote
1 answer
Why and how do you adjust the inventory account in the periodic method?
posted Jun 30, 2017 by Ananya Saha
  • accounts
  • inventory
+1 vote
1 answer
What is the difference between an invoice and a voucher?
posted Jun 30, 2017 by Ananya Saha
  • accounts
  • difference
+1 vote
1 answer
What is the difference between accounts payable and accrued expenses payable?
posted Jun 30, 2017 by Ananya Saha
  • accounting
  • accounts
+1 vote
1 answer
When do you put parentheses ( ) around a number in accounts?
posted Jun 30, 2017 by Ananya Saha
  • accounts
+1 vote
0 answers
Should a retailer's delivery surcharges be reported as revenues or as other income as per Indian law?
posted Jun 30, 2017 by Deepak Jangid
  • accounts
  • india
+1 vote
1 answer
Why is Accumulated Depreciation an asset account?
posted Jun 30, 2017 by Diya Borda
  • accounting
  • assets
  • accounts
+1 vote
1 answer
What is the difference between an Adjunct account and a Contra account?
posted Jun 29, 2017 by Reshmi S
  • difference
  • accounts
+1 vote
1 answer
What is the difference between a Nominal account and a Real account?
posted Jun 29, 2017 by Debolina Charaborthy
  • difference
  • accounts
+2 votes
1 answer
Is the sales tax paid on merchandise that you will resell an expense?
posted Jun 23, 2017 by Ramesh Gowda
  • sales tax
  • accounts
+1 vote
1 answer
What if an employee's actual vacation payment is greater than the amount that has been accrued?
posted Jun 23, 2017 by Ramesh Gowda
  • accounts
  • salary
+1 vote
1 answer
What is the difference between the accounts rent receivable and rent revenue?
posted Jun 23, 2017 by Ramesh Gowda
  • accounts
  • rent
+1 vote
1 answer
What is the difference between inactive accounts and dormant account?
posted Jun 19, 2017 by Ati Kumar
  • accounts
  • difference
+1 vote
1 answer
What is the Executive accounting?
posted Jun 19, 2017 by Niharika Singh
  • accounts
+1 vote
1 answer
What are the uses of journal in accounting?
posted Jun 16, 2017 by Sumeet Vyas
  • accounts
+1 vote
1 answer
What is the difference between a financial year and an assessment year?
posted Jun 15, 2017 by Tanmay
  • accounts
+1 vote
1 answer
In which head will you tax interest income from Fixed Deposits with Banks?
posted Jun 15, 2017 by Shubham Rajput
  • accounts
+1 vote
1 answer
Is there any distinct difference between commission and brokerage?
posted Jun 14, 2017 by Swati Tyagi
  • accounts
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