chq. of ICICI received from big jos of rs. 35000/- for
credit sale bill no. S/01 andBill no. S/03
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if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry of it.
what will be the journal entry-discount rs 2000 allowed to mr x.and discount received rs 2000 from mr x.actually i am confused that in the first entry both discount a/c and mr x a/c will be credited as per the accounting standards.please help experts.thanks
is WCT aplicable on educational institutions also??????
when a customer buys a good. we have to debit bank and credit inventory equaly. but wouldnt selling a good make a profit?
WHAT IS THE DIFFRANCE B/W THE PREFERENCE SHARES AND EQUITY SHARES....
How we can create ledger for goods purchased from 1) Registered 2) Unregistered 3) Tax free Goods in Tally with examples its very urgent.
How to face the interview of account in mnc & other plz me adivce
2 Answers Accounting, FactSet Systems, HCL,
How much statistics knowledge is necessary or required in accounting?
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
Difination of Debit & Credit note. Journal entries of Debit & Credit note.
Name three (3) equity security types
6 Answers FactSet Systems, ICICI, Shore Infotech,
During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per Income Tax Act & Companies Tax Act differs, please answer this quetion ?
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