Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

1921

Differentiate between gl_date and gl_posted.

352

sir i want aao lic exam model question paper

2939

What is the importance of accounting standards?

1236

is there any necessity to file TDS to purchase a thing even ater paying vat

2096

who is the pramotar?

1987

Expand---------OST

2231

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3032

Differentiate between financial year, assessment year and previous year?

1252

Follow up ageing balances of Debtors & Creditors and also Inventory

2041

What is Budgeted capital ?

1999

what is purchase consideration?

2177

what are the main important accounting entries for AP and AR ...

1487

In our bodyshop wct tax is 13.05% on the whole Labour charges( including opening fitting ,repairing ,painting. Is this justified?

1637

Short Answer on ______________House Rent allowance

1864