Debit side of trial balance include- opening stock, Purchase, Sales return, Depreciation, All expenses(discount Allowed/Interest paid, Bad debts, insurance premium....etc.), All assets including cash,bank,debtors..etc. i.e. All assets, expenses& losses, Drawing, Prepaid expenses.
Credit side of trial balance include- Sales, Purchase Return, All Income (Discount received/ interest Received...etc),All Liabilities including capital, creditors, Bank overdraft,loan's..etc. i.e. All liabilities, Incomes & Gains,Outstanding Expenses, Capital..etc.
please inform me , how to make employee ladger account of
salary...please inform me with entry..e.g if we give 14000
salary, as structure we put it half amount in advance and
half is salary so in this case how to make entry in
employee ledger account...please inform me...both
journelising the following?
dpereciation of plant & machinery rs 30000/-
interest accrued but not received Rs 15000/-
prepaid insurance Rs 10000/-
drawings of cash Rs 5000/-
withdrew goods for personnel use Rs 2000/-
what is cost centre?
How do you verify the correctness of material control
How many directors are required at a minium for Private ltd
and public ltd companies?
How do you compute the following ratios?
net profit ratio
gross profit ratio
debt service coverage ratio
sales turnover ratio