Interested to Buy Any Domain ? << Click Here >> for more details...
who is payee?
- 2 Answers
- 6850 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vilas
Payee is the person to whom the amount of instrument, i.e.
Draft, Cheque, Promissory note etc. is to be paid.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / noorullah07@yahoo.com
a person or organisation to be paid. in the case of a
cheque payment, the payee is the person or organisation to
whom the cheque is made to payable.
| Is This Answer Correct ? | 1 Yes | 1 No |
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.
difference b/w trading a/c & manufaturing a/c.
3- Does petty cash book link to cash book, explain?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
Our company deposited an amount of 20000 as FD . After the maturity period we are not received any interest and the bank deducted 2938 amount as TDS from our interest and added the interest to the principle amount and renewed the FD. then what is the journal entry for the same.
Hi everyone Sir if we not deposited the TDS before 7th of Every month,tehn what is the penality rate
Hi to All any body pls. tell me the entry for tds in salary example-- one employee salary 25000 tds will be 1000 how to deduct and what will be the entry for above transactions
RESERVE A/c - What is the type of A/c means is this a Personal A/c or Real A/c or Nominal A/c?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
Goods lost in accident what entry should be made?
WHAT IS BANK RECONSILAION STATEMENT?
Called-up capital ?
Audit 
