Answer Posted / venkat
who purchase the material / received the goods, who sold the goods that is called debtor, debtor is customer,debtor is asset.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is specific reserve
what is difference between account and accounting
what is mean by ledger
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.
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
example of SOP
Suppose the production is more and sales less then what will happen
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
what is meant by qurum
What Settlement details are required on the delivery instruction slip?
i need sbi bank clerk exam model question papers
Expand---------MRDT
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet