Your grandfather is 75 years old. He has total saving of
Rs. 80000. He expects that he live for another 10 years and
will like to spend his saving by them. He placed his saving
into a bank account earning 10 per cent annually. He will
draw equal amount each year- the first withdrawal occuring
one year from now in such a way that his account balance
becomes zero at the end of 10 years. How much will be his
annual withdrawal?
Answers were Sorted based on User's Feedback
What is use of statistics in accounting?
what is forex management?
what is holding cost
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
My firm got Rs.1,00,000/- as consultancy charge after deducting Rs.10,000/- as TDS. Now we have to pay Rs.15,000/- as Service Tax. Net effect we will receive only Rs.75,000/-. How can i account this.
1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,
what are the entries when we sold goods on credit to some x person ? also when we sold goods for cash?
Can we pay bonus to employees out of Reserves?
Tell me about an invoice discrepancy you discovered and how you resolved it
if a company purchased cell phones for employees how to treat that expenses is it asset for the company under which ledger it will come pls tell me friends?
What is working capital?
What is impairment of assets?