Answer / nitesh

Review the formula. The basic formula for calculating GDP is: y = c + i + e + g, where y = GDP, c = consumer spending, i = industry investment, e = excess of exports over imports and g = government spending.
2
Define "c" or consumer spending. This includes all spending done by consumers.
3
Define "i" or industry investments. Investment refers to the capital expenditures by growing industries and firms, not the amount of money individuals are putting into investment accounts . These expenditures include equipment and production facilities.
4
Define "e" or the difference between the value of exports and imports. Exports are goods shipped abroad; imports are goods shipped into the U.S. To calculate, exports are positive and imports are negative; if exports are more than imports the result is an addition to GDP.
5
Define "g" or government purchases. Tax money is used to make these purchases which represent government spending.

Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

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"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

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