Answer Posted / barodianbuddy(acca)
IT IS A FUNCTIONAL DOCUMENT. (TECHNICAL SOFTWARE SIDE QUESTION)
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
what is the D.V.T. rate from 1/10/2009
Explain how you can adjust entries into account?
what is the right process for input credit of Service tax. and on which service i can take credit.
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
EXPLAIN EACH SECTION PROVISIONS ON TDS?
what is the new rate of c.s.t in uttraklhand
What is departmental accounting? Give an example
Do you know retail banking?
SHADOW BALANCE SHEET
What is meaning of invoice?
What is the difference in accounting and marketing and what is so different about them?
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Define scrap value in accounting?