pls define central sales tax , how will show in invoice a
cst rate on interstate sales with-out c -form and against
c form . clear it
82
what is the opposite journal of account receivables?
157
what is mean by misc- assets?
49
Why closing stock appears both in trading and Balance sheet?
Why does it doesnot appear in trail balance.
65
A company given a party in order promote the company to its
customer in a hotel then hotel provide some food & services
to the customers of the company. should TDS deducted on
payment made to hotel's bill? if payment is near about
35000/-.
81
Short Answer on _______Appropriation
9
If income and expense both are equal then what it depicts
From the following information you are to prepare a
Cash Budget for the period from July to December 2008.
(i) The estimated sales and expenses are
as follows:
June
July
Aug.
Sep.
Oct.
Nov.
Dec.
Sales
35,000
40,000
40,000
50,000
50,000
60,000
65,000
Purchases
14,000
16,000
17,000
20,000
20,000
25,000
28,000
Wages & Salaries
12,000
14,000
14,000
18,000
18,000
20,000
22,000
Expenses
5,000
6,000
6,000
6,000
7,000
7,000
7,000
Interest Received
2,000
-
-
2,000
-
-
2,000
Sale of Fixed Assets
-
-
20,000
-
-
-
-
(ii) Sales are 20% in cash and balance on
credit. 50% of the debtors are collected in the month of
sales and the remaining in the next month.
(iii) The time lag in payment of purchases
and expenses is 1 month. However, wages and salaries are
paid fortnightly with a time lag of 15 days.
(iv) The company maintains a minimum cash
balance of Rs. 5,000. The cash balance in excess of Rs.
7,000 is invested in government securities in multiples of
Rs. 1,000. Short falls in cash balance are made good by
borrowing from banks. The interest received as well as paid
is to be ignored.
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