what is upper circuit & what is lower circuit? please guid
with an example?
Calculation of closing Stock give example?
25 Answers ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,
define capital rationing!
what are cost accounting and its applications?
how we can calculate sundry debtors and crditors a/c?show some examples
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Which kind of transactions are not recorded in the books of account?
What are the various systems of accounting? Explain them.
What is the journal entry of bounce cheque in tally .erp9???
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
accounting concepts
Other accounting interview questions to expect when you interview for an accountancy job include:
What is the entry for bad debts recovered
10 Answers Core Logic, Libra International,