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 Categories >> Accounting >> Accounting AllOther       
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  Question  Asked @ Answers Views     select
 
What is re-financing in Letter of Credit settlement  0  180
how to see the resluts of the bank clerical exams? can someone help me on tis.. i've written oriental bank of commerce but not able to know my resluts... Oriental-Bank-Of-Commerce  0  175
What are the duties of sales tax department? Explain it  0  167
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those? IBM  0  157
define the REVENUE  2  732
Define the PROFIT.  4  795
What is the definition of LOSS. Give the formula if any.  0  181
In a organization what are comes under DEBIT side? Ex" all assets natural position is debit. like  3  808
Sir i want bill payable meeaning,Entryes  2  796
Who are called as partners  3  418
Definition of partnership  5  755
What is the meaning of FIRM  3  1717
Explain about Fluctuating Capital  0  257
Explain about Fixed capital  0  166
What is meant by consignment  0  180
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Un-Answered Questions
 
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difference between vat 47 & vat 49 42  
What are the duties of sales tax department? Explain it 167  
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under 133  
How can retify the errors in the trial balance 205  
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts .............. 217  
What is the analytical way of accounting? 288  
2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account. 378 Ignou
how to entry of hra 205  
What is revaluation of Accounts, how does it is accounted in business 169  
how Mis reports are used?n why it is used ? explain 140  
Expand--------TAO 135  
what is an advance against expenses 422 Banking
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