in year end Balance sheet current liabilities is showing negative balance of re.-1/- how to write off the negative figure? pls help..



in year end Balance sheet current liabilities is showing negative balance of re.-1/- how to write of..

Answer / sindhu

suspence A/c

Is This Answer Correct ?    5 Yes 1 No

Post New Answer

More Accounting General Interview Questions

who is invented to accounting

3 Answers  


In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.

2 Answers  


i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

0 Answers   SSC,


if my salary is 12000 per month how much i will get after deducting PF an ESI

0 Answers  


Limited liability ?

1 Answers  






what is contigent liability

5 Answers   Genpact,


what are the adjustment entries?

2 Answers   emc2,


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: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 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  


What is BRS? Why BRS?

1 Answers  


wate is the TDS

5 Answers   LG Soft,


a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?

0 Answers  


WHAT IS THE ROLE OF BANK CERTIFICATE OF EXPORT AND REALISATION IN EXPORT HOUSE? PLEASE TELL ME WITH DETAIL AND ITS PROCISSOR?

1 Answers  


Categories