Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / muralirddy
At the end of accounting period, all ledger balance are added up. These ledger balances should be debit equals to credit.If any difference in balances the accountant should be rectified that errors.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.
Is it compulsary to give TOEFL for applying US visa.
What is consignment cycle.?Explain the steps involved in the Consignmet..?
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?
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
what type account are below Debentures Bank overdraft
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
What is use of statistics in accounting?
What is computerized accounting?
What is a contra entry
Explain me how much mathematics knowledge is necessary or required in accounting?
What do you think is a bank reconciliation statement?
Journalise- opened a saving a/c with S.B.I. ?
input vat, wht use in wct
BRIEF IN DETAIL REGARDING RATIOS
