A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
Our company is in manufacturing stage and we had paid advance payment to several suppliers for some construction purposes. As manufacturing stage I want to treat it as Capital work in progress.So kindly advise how can we pass the entries for the same.
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker.
2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ?
Thank you in advance!
Why companies are issuing their shares at premium and
discount? What benefits the companies and the investors can
get in both the cases?
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF
What is the Project Accounting in case of Real Estate or
Construction Co`s ?
cost of lease=20,000.refundable deposits 2000 (after 4
years).annuity value for 4 years @5% is .2820.find the net
charge to p&l a/c
when we can submit Form-C to the Sales Tax Dept.
What is the period to issue Form-C to the supplier
What are the functions of a General Ledger? What accounts
are usually maintained in it and from what subsidiary books
are they derived?
Calculate the missing figures for company A. A
Sales (TSR) (a)
Total Variable Costs (TVC) (b)
Total Fixed Costs (TFC) $24,000.00
Units Sold 1,000.00
Contribution Margin Per Unit (CMU) (c)
Contribution Margin Ratio (CMR) (d)
Break-Even Point (BEP) (Units) (e)
Break-Even Point (BEP) (Dollars) $60,000.00
on what rate depreciation will be calculated?
What is band and why the company needs this?
Can share warrants issued by the company be considered as
potential equity shares? If yes, then will it be considered
for calculating dilutive EPS?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I
DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP
FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR
PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
how will you adjust voluntary seperation payment in cash flow statement
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT
TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN
THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST
IN CC A/C ?
From the following particulars taken on 31 December, 1995,
you are required to prepare a bank reconciliation
statement to reconcile the bank balance shown in the Cash
Book with that shown in the Pass Book:
(i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027.
(ii) Four cheques drawn on 31 December but not cleared till
January are as follows:
Rs 12; Rs 1,021; Rs 98; and Rs 113.
(iii) Interest on O/D not entered in Cash Book Rs 51.
(iv) Three cheques received on 30 December and entered in
the bank column of the Cash Book but not lodged
in bank for collection till 3 January next: Rs 1,160; Rs
2,100; and Rs 2,080.
(v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered
twice erroneously in Cash Book in November.
(vi) A Bill Receivable for Rs 250 due on 29 December, 1995
was passed to the bank for collection on
28 December, 1990 and was entered in Cash Book forthwith
whereas the proceeds were credited in the
Pass Book only in January following.
(vii) Chamber of Commerce subscription Rs 10 paid by bank on
1 December, 1990 had not been entered in the
(viii) Bank charges of Rs 5 had been debited in the pass
book twice erroneously.
plz be fast
In the case of stock transfer from one branch to another
branch any reverse credit is applicable.