Interested to Buy Any Domain ? << Click Here >> for more details...
hi friends... what it is the journal entry to be passed when the loan sanctioned by one bank and same the cheque was deposited in another bank on same day.? thanks & regards
6 12251How do you calculate closing stock? Which important steps do you take while valuation of closing stock.
4 8388From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
2 13689in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
5083Post New Accounting General Questions
How do we calculate the cost of investment?
Do you know what are trade bills?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Explain the meaning of long-term notes payable is or long term liabilities?
what is the rate of vat,cst,in mumbai
What is the difference between costing and cost accounting?
Mention the types of accounts involved in double entry book-keeping?
total assets are equal to total liabilities in final accounts ?why?
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
What is an over accrual?
As you know executive accounting?
What is the difference between cfa and csa?
what is the accounting treatment in tally of free goods received with goods purchased.
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
what is the meaning of written-off as goodwill written-off
