Answer Posted / vinod

pls send me an acct aptitude questions i will be grateful

1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?

1507

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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.

2556

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How can we calculate the total income of the company.

1518

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explain about mergers & aquisitions? asked on 30/7/09

1736

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how many types of practice accounts?

1548

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Expand MNS

1695

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plz send me the accounting questions and answers of bank of america.

1444

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How can i prepare MIS report for Finance?

1973

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DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1628

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• What are the types of cash flows?

1716

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explain Dual entry concept

1506

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How can retify the errors in the trial balance

1721

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What is payment/receipt/period accruals?

1275

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let me know the meaning and Nature of cash

1509

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Is depreciation a expense or income?

1233

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