I am about to enroll for Oracle Apps Financial with Iapps
in pune, (without the certification of Oracle, as it is
very expensive).
Looking for a suggestion on the same, Also, how far is this
course wld be beneficial to a candidate of commerce
background (BBA graduate and an MBA in Finance)
Also, the opportunities lying ahead int his field.
Thanks.
Hello... i am looking jobs in investment banking, derivates
and BRS and i apply nakuri,Timesjobs and monster. But i did
not get the job. so if websites and ID. Please help me..
Thanking u...
Tell me about how you have left a position better than you
found it
12
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.
can any one send me payables real time scenarious or any
projects
21
Hi...At present am doing my second year B.Com.I want to do
Chartered accountant.Could you send me the details such as
when i can start this course,levels of course,proceudre to
start( training and prerequirement if any)?And also do let
me know is it possible to start from madurai.Note: I wanted
to start by regular classes not by distant education.
Thanks in avance.
10
different types of form in which purpose used that is
403,402, c form, d form e1 form, f form, h form, e2 form
58
what is mean by credit sales?
11
How goodwill is accounted for the first time in a company .
29
What is Holding co.
46
who are the potential share holders?
44
Queries for Big4 Articleship : Stipend and tenure of
articleship period. Any leave period for preparation for
exams.
If a software is being purchased which can be used at its
own for the purpose of implementation of computerisation of
various customer accounting system. then what will be the
treatment for the same in accounts ??? whether it will be
considered as intangible assets or inventory?
17
cany anyone explaing what are the functions of an Account
Officer/Manager?
along with your userid / name. ThanQ
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