Answer / syed iliyas

Not only the salaries but all the transaction entries are
need to enter in journal first for proper accounting. And
salaries are entered by debiting employees account and
crediting the bank or cash (by which mode it has paid). And
regarding the p/l account when ever will be p/l account is
prepared it was automatically has to take as indirect
expences in the profit and loss account.

What is meant by undercast and overcast in accountancy? Explain with some transactions and their corresponding journal entries.

4 Answers   ICICI,

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input vat and out put vat comes which head?

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what is Exposure ?

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WHAT DO U MEAN BY REPO RATE???

18 Answers   LN, Punjab National Bank, State Bank Of India SBI,

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How to answer for the question, tell me about ur project? I mean in which format can i say?

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What is margin of safety?

3 Answers  

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what is bank rate?

9 Answers   State Bank Of India SBI, Syndicate Bank,

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EXPAND___________JNTU

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What is the journal entry of.Tds. ?

3 Answers   Infosys,

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Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5

2 Answers  

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A trader quotes an article as sales price above 30% of its cost price.While selling he allows a discount of 15%.Then what will be the profit percentage on cost price

1 Answers  

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