Journalize the Following:
2. Monthly credit sales were $ 35,000
3. Received Cash receipt payments on Receivables in the
amount of $ 10,000.
4. Customers’ cheque in the amount of $ 100 bounces and
was re-deposited. Book both entries.
5. Material is bought on account for £ 100,000. The
exchange rate is Four pounds to One Dollar.
Then, later, merchandize is paid for. The exchange
rate is Five pounds to One Dollar.
Book both entries in Dollar when merchandize is
bought and when it was paid.
6. Materials worth $ 20,000 was purchased on account
and paid for with 1% discount. Book both entries.
7. Record the purchase of Direct Material on Account in
the amount of $ 20,000. Half of it was for stock and the
other half for a specific job order.
8. Record the disbursement of $ 1,000 raw material to
shop floor for use on specific job
What are the accounting conventions and Practices?
shares convert into share capital what is the journal entry?
how many ledgers need to create?
bill to addres?
ship to addres?
rimit to address?
what is purchase consideration? How does it come about and
how is it treated in the books?
What qualification require for become a tax consultant ?
what the future in this..???
how to do the recurring entries or steps to follow that
4. Calculate the following from the particulars given below:
i) Material Cost Variance
ii) Material Price Variance
iii) Material Usage Variance
iv) Material Mix Variance
v) Material Yield Variance
Material Standard Actual
Qty kgs. Price Rs Value Rs. Qty
kgs. Price Rs Value Rs
A 50 4 200 40 5 200
B 30 6 180 30 6 180
C 20 3 60 30 3 90
100 440 100 470
Loss 20 ----- 30 -----
80 440 70 470
pls send me capital iq quition paper pls, ihave 2mr
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per
month.After serving 3 yrs ,they started business of their
own in partnership,contributing Rs200000(expected life 10
yrs,bought spare parts worth Rs 33000 from Kundu on
credit.Office supplies were purchased for cash.Initially
they were very busy in conducting their business operations
but by the end of the 1st year,31/12/2005 they were
disappointed when they found their bank balances.Following
is the summary of their bank statement.
Receipts: Share Capital Rs 250000
Collections from Customers 412000
Payments: Equipment 200000
Salaries of Assistants 88000
Rent advance for 2 yrs 96000
On-year ins. Policy on equipment 12000
Office stationery 27000
Payment to Kundu 29000
Withdrawals of Ganesh 90000
Withdrawals of Gopal 90000
Closing balance c/d 30000
Total : 6,62,000
Still amount receivable from customers for services to them
amounted to Rs 30,000 & closing balance of office stationery
is Rs2000,spare parts Rs2600 were utilised by the end of the
year .Prepare trial balance with the available information
and show total.
Also what is the net profit.
what is excise
sir mai ek bar cst online tax payment kar raha tha to sar
maine tac par na click kar ke interst par click kar di ho
mai kya karu please give a anwers
What is Budgeted capital ?
Whether the TIN and CST no. remain same for a firm in M.P.
state. If a firm ask for CST but having only TIN no. is it
correct to entertain his invoice?