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 9965How do you calculate closing stock? Which important steps do you take while valuation of closing stock.
4 6787From 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 11922in 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?
4606Post New Accounting General Questions
How do you add/remove a payment block for particular invoice ?
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
What is mutual fund what is derivatives what is capital market what is TDS.breifly
what are the main important accounting entries for AP and AR ...
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
Is the shadow balance present in bank account always credited or bank may reverse it as well?
What is the equation for acid-test ratio in accounting?
Tell me what is reversing journal entries?
in trading credit why does goods sent on consignment come?
give me examples of the accounting reports you have prepared
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
Explain what is involved in the process of double-entry accounting?
Company ABC split 1:3 on March 31, 2009 and split 3:1 on March 31, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 3000 $75.00 April 23, 2009 $72.00 2300 $72.00 March 31, 2009 $67.00 999 $ March 31, 2008 $275.00 300 $91.66 November 30, 2007 $233.00 6800 $77.66 October 6, 2006 $1,333.00 13000 $444.33
