What is double-entry accounting? Explain with an example?
What are the disadvantages of double entry system?
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.
Do you know what is icai?
What is customer account?
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
bank jobs
What are the three factors that can affect your cash flow and business profitability?
What is executive accounting?
pls let me know double entry of 'LEASING"
1.recivable and payble 2.pf,tds,esi
Tell us what inspired you to move to the next opportunity?
whats difference between manufacturing account & cost account
