Answer / satyaki_raju@yahoo.com

Interim Relief

what are your plans after completing your MBA (or) studies ?

0 Answers   Solartis,

---

I want to develope with my basic nowledge of accounts.what books i have to read.can you tell me the suggesion.

2 Answers  

---

42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.

2 Answers   Amazon,

---

What is Income Statement ?

1 Answers  

---

Distinguish capital and Revenue receipts

0 Answers  

---

---

why we use the term profit and loss account instead of profit or loss account

4 Answers   Syntel,

---

What is the Difference between Proviso & Provision

1 Answers  

---

What Is Fundamental Analysis?

1 Answers   Hero Honda,

---

What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?

0 Answers   Accenture,

---

Any Two difference Between Debenture and bonds?

9 Answers   ABG Shipyard, Ecofast, Syntel,

---

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   D M Systems, Ignou,

---

What is General Ledger

17 Answers   Accenture, Bank Exams, OMO, Scope International,

---