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 2908Please 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 44701- 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 6019why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?
3 11405What do u mean by Deferred Revenue Expenses? Explain with examples?
Cap Gemini, Genpact, HSBC, Shivam, Wipro,
8 28976Post New Accounting AllOther Questions
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
fill in the Blanks Share Holders in Company have _____________Liability
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
what is the accounting conventions
Name some errors which can be detected by Trial Balance
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
npa is either person or account
what is budgetory control and what are the types
What is Summarising
Short Answer on _____________Accident Insurance
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
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Expand RMP
Short Answer on -----Trade mark
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??