Answer Posted / s
CLOSING OF ENTRIES AT THE END OF THE FINALCIAL YEAR AND PREPARATION OF PROFIT AND LOSS ACCOUNT AND BALANCE SHEET IN A VIEW TO KNOW THE PROFIT OR LOSS AND FINANCIAL STATUS OF THE ORGANIZATION IS CALLED FINALIZATION OF ACCOUNTS.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is the method deposit of wct in Delhi
Explain how you can adjust entries into account?
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
What is the definition of offset accounting?
correction of sundry creotors
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
how can we get a leaverage in intraday market if are not a professional acount holder?
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
TDS %AGE ON CALLIBRATION CHARGES BILL
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
