for life insurance company, premium received from client is an asset or a liability.

1 Answers   ITC Infotech,

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a companys assets minus its liabilities is

6 Answers   FactSet Systems,

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Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem

3 Answers  

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What is BRS? What is the use of BRS

7 Answers  

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diff. between accounts & finance

1 Answers  

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change needed for 100rs it should be 10 notes but it should not be 1ors notes?

3 Answers   Wipro,

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Minimum and maximum members to create the following Sole trading Partnership Private ltd co Public ltd co

1 Answers  

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Tell me the General entry for provision for bad debts?

19 Answers   Capita, JMD Group, JPMorgan Chase, LR, State Street,

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A company staff's visa procedure's expenes are treated as indirect expense or not. please give the journal entry and tally posting.

2 Answers  

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Purchase book is a ----------journal

0 Answers  

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Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)

5 Answers   Capital IQ, HP,

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What is the title of Central Excise Return?

0 Answers   bscpl,

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