What will be the journal entry for the following -
1)Goods purchased from Mohan for Rs 5000
2)Goods purchased from Mohan on credit Rs 3000
3)Salary paid to Mohan
4)A sum of Rs 120 is realized on the sale of old furniture
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft.
Prepase bshEet & P&L as at 31 mar 10
On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000
cash and opened a bank account with Rs.1,50,000. He
purchased furniture for his business for Rs.25,000. Goods
were bought from Deendayal for Rs.50,000 on credit. He sold
goods for Rs.27,000 in cash and 30,000 on credit. He paid
Rs. 2,500 for business expenses during April month. Rs.
10,000 was withdrawn for office purposes from the bank. Find
out the closing balance of cash and bank.
pass journal entries of the following transaction in the
books of AG sindh, AGPR,FTO and SBP:
1)DDo sindh house submitted a bill for purchase of furniture
to AGPR islamabad for Rs.200000 on 20th March 09;
2)AGPR issued cheque on 2nd april which was cleared by SBP
on 5th April;
3)On 26th may, voucher were exchanged in the clearing house;
4)On 28th May, AG sindh issued advise to settlement to SBP
5)On 5th june,SBP HQ karachi sends a copy of clearnce memo
along with bank statement to AG sindh and AGPR for
settlement made on 31st May.
Cash bill of sale so the company can deduct the amount.
How to make an adjustment entry for the variation of
physical asset Vs book value of asset. For example: As per
asset register there are 1000 computers where as 950
computers are available in stores. How to make an adjustment
entries for the difference of 50 quantities?
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE#
THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT
BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY
FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED
T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR
CLEAR CUT REPLY
sir I heard from some body that he received more money than
requested in an ATM.Is it possible, if yes what is the remedy ?
Short Answer on ______Amortization
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Equipment A has a cost of Rs.75,000 and net cash flow of
Rs.20000 per year for six years. A substitute equipment B
would cost Rs.50,000 and generate net cash flow of
Rs.14,000 per year for six years. The required rate of
return of both equipments is 11 per cent. Calculate the IRR
and NPV for the equipments. Which equipment should be
accepted and why?
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