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
Wages & Salaries
Sale of Fixed Assets
(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.
Volga is a large manufacturing company in the private
sector. In 2007 the company had a gross sale of Rs.980.2
crore. The other financial data for the company are given
Items Rs. In crore
Net worth 152.31
Fixed cost (excluding interest) 118.23
a. Debt equity ratio
b. Operating leverage
c. Financial leverage
d. Combined leverage. Interpret your results and comment on
the Volga’s debt policy
explain Dual entry concept
what is the difference b/w gain and profit?
how form h fill up?
I have some queries about Service Tax, I am working in a
Insurance Broking Company.
1) We have raised one bill on 25.04.09 for the services
provided by us in the month Mar, 09 Now We received the chq
on May, 09 followed in the Month of June,09. When the
service tax is actually payable in the month of received of
Service tax amount or in the month of services actually
provided by us (Mar09)
2) Can we take 100% credit of Service Tax Input paid to
those who provided services to us. Suppose Service Tax
payable is Rs. 100/- and Service tax charged by the other
firms/company Rs. 80/-. The question is That can we deduct
Rs. 80/- (already paid). Now Net ST payable would be Rs.
20/- or other percent of service tax input is available
3) What is the rate of interest for Service tax if not paid
Pls help me out asap
while doing work in dolphin software when credit note is
given by supplier to purchaser then purchaser is debited
supplier account so on credit side which account is coming
which account should be credited