Answer Posted / deepak choudhary
p&l a/c ..Dr
To net profit a/c
(for recordind net profit )
net losses a/c ..Dr
To p&l a/c
(for recording net losses)
after these entries that profit or loss as the case may be will be tranferred to either capital account or to p&l appropriation accounts...
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
examole of cash to cash contra entry
What are the advantages of computer accounting over paper accounting?
In which ways is math used in accounting
hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent
in terms of accounting the trial balance when is it taken?
What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?
what is debit balance report in SAP?. how do you describe DB report in brief.
What does the investment of personal assets by the owner will do?
Explain me your current/former role, your responsibilities, and how success is/was measured?
Tell us what is icai?
How do you add/remove a payment block for particular invoice ?
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
