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what is mean by accounts

Answers were Sorted based on User's Feedback



what is mean by accounts..

Answer / kalpna

ACCOUNTANCY IS A SYSTEM WHERE WE KEEP & SUMMREISED DETAILS
OF DAY TO DAY TRANSACTIONS OF THE BUSINESS.

Is This Answer Correct ?    6 Yes 1 No

what is mean by accounts..

Answer / kolawole

Accounts is the way of keep records of money spent and recieved

Is This Answer Correct ?    3 Yes 0 No

what is mean by accounts..

Answer / ram

accounts is a process.
which one is involves in all business or company
transactions called accounts.

Is This Answer Correct ?    3 Yes 0 No

what is mean by accounts..

Answer / shankar_285

accounts is mean by maintain books,p&l accounts,balance sheet, schedule etc......,

Is This Answer Correct ?    5 Yes 3 No

what is mean by accounts..

Answer / anchit saxena

accounting is the requirement for all of the business
entity so every business entity keeps maintain their books
of accounts on accrual basis without maintaining of
accounts we can't get a clear picture of the concern.

Is This Answer Correct ?    1 Yes 0 No

what is mean by accounts..

Answer / riyasdeen

accounts means recording of company transaction records
like expenses and losses

Is This Answer Correct ?    1 Yes 1 No

what is mean by accounts..

Answer / banoj kumar swain

IT IS A STATEMS WHERE ALL THE TRAANSACTION WERE EXPLAINED
IN TERM OF DEBIT AND CREDIT

Is This Answer Correct ?    1 Yes 2 No

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1 Answers   ACS,


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1 Answers   TATA, TCS,


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3 Answers  


Reconciliation a/c in SAPM ERP

1 Answers   Olympus,


2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: &#61485;fixed 42,000 &#61485;variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: &#61485;fixed 36,000 &#61485;varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

0 Answers  


Purchases book records: (a) All cash purchases. (b) All credit purchases. (c) Credit purchases of goods in trade. (d) None of the above.

3 Answers  


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