Interested to Buy Any Domain ? << Click Here >> for more details...
what is Debtors & Creditors management
- 2 Answers
- 5028 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / venkat
who whoese money to the business, to whom the business owes
money
| Is This Answer Correct ? | 5 Yes | 4 No |
DEAR ALL PLEASE TELL ME? WHAT IS THE LIMIT OF CASH COMMISSION PAID AND RECD?
what is the loss of a company
what is share spilitting
what is difference between company and firm
What qualities have you got that would make you a good accountant?
What was your most complicated sales cycle in past positions?
Who uses accounting?
TDS %AGE ON CALLIBRATION CHARGES BILL
how to prepare for accontant examinations
WHAT IS RATE OF SERVICE TAX 2014-15
Manoj & Mahavir 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 Manoj 90000 Withdrawals of Mahavir 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 Capital reserve and Revenue reserve...? Any example would be highly appreciated.
Audit 
