what is journal entry for "Interest allowed by bank" and where does it come in pass book??

6 Answers   Accenture,

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what is basic general accounting.

2 Answers   Helios Pharmaceuticals,

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If A car in Name of company got damaged. and total amount of its repairing is 15,000/- and insurance company give me 10,000/- of it. Balance amount we paid through bank or cash .Then What is the entry for this in books.Kindly mention Ledgers with their respective Group Head.

2 Answers  

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What is personal a/c ,real a/c

8 Answers  

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what is capital reserve

0 Answers   Accenture, Linc Pen,

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Difference between expenditure and expense?

6 Answers   Bhel, Shriram,

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The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

0 Answers   BOCODOL,

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Withhold Tax Types

0 Answers   Accenture,

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what is contingent liability

5 Answers   Capital IQ,

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DEPRECIATION

3 Answers   Bank Of America,

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we purchase one material from one party & sale it to other party but the product got problem so 1 st party give us a credit note now the question is how i pass jv in my co. account

1 Answers   Pragati Industries,

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Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me

0 Answers  

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