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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
1 3545Please do let me know how to pass the entry for the rent invoice recd. from business centre (for eg. total amt. is 39941/-)includes rent is 35000/-, telephone chgs: 82.80/- ,Stationary 15/-, Pantry chgs. 450/- and service chg 4393.71/- .
3 55371- when will be vat charge, C.s.t charge and excise charge on the goods ? 2- what is different between intra sales & purchase and inter sales & purchase?
3 7058why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?
3 12625What do u mean by Deferred Revenue Expenses? Explain with examples?
Cap Gemini, Genpact, HSBC, Shivam, Wipro,
8 31296Post New Accounting AllOther Questions
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.
How i pass the share holders capital entry in Tally? How to set this option in Tally?
what is mba tell me the more benefits in mba
What is the working formula for Inventory turnover
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
What is the Assets & Liabilities?
objective of accounting
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
KINDLY PROVIDE ME RBI OFFICER SCALE B QUESTION PAPER (PREVIOUS)
What type of question generally asked in Brokerage Firm ?
Name the Accounting Concepts
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WHAT IS B.E.P. CHART
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam
how can i make configration relation with inflation in sap
