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What is Suspense Account?
eps,ROA,AMORTIZATION,DIFFERENCE BETWEEN GROSS PROFIT AND NET PROFIT,
interest paid comes under which head
what is the journal entry for this bank reconcilation statement? BANK CHARGES DEBITED BY BANKER BUT NOT ENTERED IN CASH BOOK
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What is the treatment of Capital Work in Progress as per the International Accounting Standards.
What is Opening & Closing Entry
what is the difference between provision for bad debts and reserve for bad debts?
is accounting a science or an art?
Dividend per share?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note