Can dividend be paid out of current profit without making good past losses?
A company shall not declare dividend unless carried over previous losses and depreciation not provided in previous years are set off against profit of the...
What are the end results of financial accounting?
Financial accounting results in the determination of net income at the bottom of the income statement. Assets, liabilities and equity accounts are reporte...
How do you handle multiple tasks and priorities interview question?
How to answer “How do you prioritize your work?” Describe how you schedule your day. Explain how you shift between priorities. Discuss how you set your de...
Why income received in advance is credited?
Definition of Income Received in Advance The credit to the liability account is made because the company has not yet earned the money and the company has ...
What jobs are best for people with depression?
The best roles for people living with Anxiety and/or Depression 1: Librarian. If a calming, quiet work environment paired with methodical tasks is what yo...
What is estimated uncollectible account?
Accounts uncollectible are receivables, loans, or other debts that have virtually no chance of being paid. An account may become uncollectible for many re...
What happens to the retained earnings account in the closing process?
Closing entries are the journal entries used to transfer the balances of these temporary accounts to permanent accounts. After the closing entries have be...
What is the difference between internal and external mail?
The difference between internal and external mail is the location of the intended recipient. Internal mail is communication via paper mail or email that i...
How do you calculate steel pipe fabrication per Dia inch?
Total joints of 4″ in it = 1(pipe with flange) + 1(pipe with elbow) + 1 (it is optional – if a pipe purchased is of 6m length then you need to weld pipe t...
What is a general ledger number?
The general ledger is an accounting document that provides a general overview of an organization’s financial transactions. An account, or general ledger (...
