Answer Posted / pravin kamble
Balance sheet a statement which shows the financial
position of the company as of date.
| Is This Answer Correct ? | 7 Yes | 2 No |
Post New Answer View All Answers
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
What are accounting rules called?
What is debit and credit note?
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
What is the provision?
give 3 reasons why capital is referred to as a special liability
Define dual aspect term in accounting?
give me examples of the accounting reports you have prepared
What is the journal entry of building rent and TDs payment?
Explain me the difference between accounting and auditing?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
What is meant by partitioning?
Cash Processing
what is one way , two way matching , three way , four way matching ?
