I am forming a Pvt. Ltd. company with total 4 no. of directors
including myself. I'll be providing all the financing via.
initial capital investment + operating cost.
We have mutually agreed to keep percentage as -
55% myself and 15% each of other 3 (15x3=45%)
now my questions are :
1. What if one person backs out at any given point, what are
implications and what would happen to his share of percentage ?
2. What should I do to keep a control on decisions and financial
matters in case any of the directors cheats/wants to leave? (as
my money will be on stake)
"A" is a Registered Dealer of Maharastra State,
"B" is a Registered Dealer of Gujrat state and agent of "A",
"C" is a Registered Dealer of Gujrat State.
"C" ordered "A" to sand goods of certain specification. "A"
in his term issues good to "B" to make such goods in the
specification desired by "C"."C" sands such goods to "A".
"A" raises invoices to "C".
Which type of Sale transactions occured in the situation.
if a person join company on 01-04-04. after 5 year he is
resigned on 31-03-09 and date of leaving is 14-04-09.
Is he is on under gratuity payable or not?
he is completed 5 years on 31-03-09. what is basis on
calcultion on final settlement is date of resignation or
date of leaving whcih is on 14-04-09.
How to raise my credit score if I have 500 credit score?
in a every intervew asking one common question why you
are living current employer, which is the best answer
The following transactions relating to ABC Ltd for the month
a) Services performed in relation to income recieved in
advance total $1500
b)Supplies expense includes $400 of supplies that are still
on hand at 30 June
c)Interest accrued on the bank loan is 750
d)At the end of june paid rent for 3 months (June, july Aug)
e)Credit sales for the month of June 2009 amounted to
$50000. Past expierence shows that around 1.5% of net credit
sales are written off as bad debts. XYZ ltd, previously
notified ABC ltd that they have gone bankrupt, will be able
to pay $1000, which was recieved at the end of the month.
The provision of doubtful debt has an opening balance of
f) The owners of ABC Ltd wish to revise the balance of the
provision of doubtful debts account to $3500.
g) Depreciation of one year on the delivary van is $1500.
h) On 30 June 2009, ABC Ltd sold an item of equipment for
$40000 cash. The cost of equipment was $50000 and had a
accumulated depreciation balance of $2000
Prepare the relevant adjusting journal entries for the month
of June 20x2
Ledger Is The Principle Book Of Accounts In Business. Do
You Agree For It. Comment On Your Confirmation?
What are document required by the bank to make payment for
debit memo (Import).
if we have allready made payment for orignal bill.
what is use of cost category ? which type is useful in
accounting work ? give answer with solid example because iam
slow learner in accounting line.
I'am accountant working in a trading concern. I wish to
become an accountant in a manufacturing/construction
company.are there any books available in the market from
which I can get an Idea as to how accounts are prepared and
maintained for a manufacturing/construction company.