A company acquires new taxi fleets on 1April 2006 with
intention to provide services during the World Cup period
and thereafter dispose the taxis .The World Cup runs for
three months to 30 June 2006.The company's year end is 30
June 2006.how do you account for taxis at initial
ABC Co. is considering an investment with a cost of $55,000.
Annual cash savings of $100,000, Present Value at %12 (ABC's
discount rate) of $56,502, are expected for the next 10 years.
What can we conclude?
1. ABC Co. should make the investment
2. The investment offers a 12 percent rate of return
How do you handle lack of direction or working in chaos
Guest expenses Rs 5500/-on behalf of partner Aravind was
written as Hospitality. Rectify it
can u let me know how the bankers calculate interest on
3. You are required to show the effect of each of
the following changes on profit and Break-Even-Volume
from the information given below:
units Rs. 5.00 per unit
cost Rs. 3.00 per
cost Rs. 70,000
(i) Price changes by 20%.
(ii) Volume decreases to 40,000 units.
(iii) Variable cost increases to Rs 3.50 per
(iv) Fixed cost decreases by 10%.
what is differred tax liability? explain in detail with
Debit Note & Credit Note?
Why in a cash book receipts are debited while the same if
received in our books recepits are credited.
Why does cash book have a rule to debit receipts and credit
For example if am paying the cash that i owe the company or
firm i debit in my books(cash) on the debit side and should
credit in the cash book but i cant do that cash book take
receipts on the debit side as per the general . please clarify
many thanx in advance
Explain why retained earnings have an opportunity cost
what are the accounting ratios
Difference between cash and merchantile system?
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry
at the of payment and also create prepaid insurance account