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salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
1550my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
1567What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
1598purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
1783In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
1619Post New Accounting General Questions
What is trial balance? What does an accurate trial balance suggest?
whether bills of exchnge can come under the category of reserves and surplus
What are control ledgers?
What is the dual aspect concept?
Pls let me know Job profile for Account Manager.
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
Describe the proof of cash type of bank reconciliation?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
Which kind of transactions are not recorded in the books of account?
if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year
What does a demo/presentation need to be effective?
What is the definition of manual accounting?
what is apply SI post
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
