what are all the items comes under balancesheet(liability
side & asset side) step by step.& also trading and p&l
account. somany companies asking this type of question .
please tell me...
- 7 Answers
- 108630 Views
- IBM, IBPS, Thomson Reuters, I also Faced
- E-Mail Answers
Answer Posted / m v sivaiah
SOURCES OF FUNDS
PARTNERS CAPITAL ACCOUNT
PARTNERS CURRENT ACCOUNT
SECURED LOANS
UNSECURED LOANS
APPLICATION OF FUNDS
FIXED ASSETS
Original Cost
Less: Accumulated Depreciation
CURRENT ASSETS, LOANS & ADVANCES
a) Inventories
b) Sundry Debtors
c) Cash & Bank Balances
d) Other Current Assets
e) Loans & Advances
Less: CURRENT LIABILITIES & PROVISIONS
a) Current Liabilities
b) Provisions
Net Current Assets
P&L ACCOUNT
REVENUE
Sales & Services
Other Income
EXPENDITURE
Cost of Goods Sold
Administrative & General Expenses
Finance Charges
Depreciation
Net Profit Before Taxes
Less: Provisions
- For Current Tax
Less:
- Interest on Partners Capital Account
- Remuneration to Working Partners
Net Profit after tax transferred to partners account
| Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
'Talk me through an example of how you have used data to improve your teams productivity.'
Why did you select accounting as your profession?
export sales contract and domestic sales contract? india's trade in commercial services?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
Explain me the basic accounting equation?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
What is absorption costing with defination? and what is marginal costin with defination?
What is fiduciary accounting?
Write about the media role in daily life
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
Explain me scrap value in accounting?
Explain what knowledge should financial accountant have?
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
Definition of push down accounting
