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Question Asked @ Answers Views     Select
--------is prepared to ascertain the cost of goods manufactured    2  409
Amount received on sale of old news paper --------receipt    3  530
Provision of Bad Debts is made in compliance with the convention of -----------    0  152
Trading account reveals---------Profit and loss account reveals ---------    4  754
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------    0  168
Is depreciation on fixed asset a capital expenditure    6  1415
Over-hauling expenses of a secon hand machinery should be debited to ---------    2  506
A document evidencing a debit to be raised against a party for any reason other than a credit sale is called ----------    2  425
Cash discount is allowed to the customer to encourage them - -------------    2  423
The primary record of a credit purchase of a fixed asset is made in---------    2  684
Purchase book is a ----------journal    0  128
---------is the main or principle book of accounts    0  128
Passing of entry in ledger account from journal is called -- --------    1  576
Each transaction has two aspects which is called as -------- ----concept    1  395
A----------involves transfer of money or moneys worth from one person to another    0  110
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Un-Answered Questions
 Question Views   Select
how Mis reports are used?n why it is used ? explain 143
is indian bank or canara bank CBS brach? 137
two sales synonyms 131
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same. 208
what is the use of special general ledger if the normal trasaction in usage. 157
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc 163
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at 203
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. 380
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv? 153
plz send all previous question papers for SBI clerical post.My email id is 121
hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, 203
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance. 260
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation? 163
cany anyone explaing what are the functions of an Account Officer/Manager? 240
Purchase book is a ----------journal 128
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