AllAccounts Assistant Interviews Questions?


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Diffrence between cost, financial and management accounting

2 Answers  


From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   Ignou,


eps,ROA,AMORTIZATION,DIFFERENCE BETWEEN GROSS PROFIT AND NET PROFIT,

3 Answers   Thomson Reuters,


I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

0 Answers   Capital IQ,


Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?

0 Answers  






what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument.

4 Answers   ESIC, State Bank Of India SBI,


What is Subsidiary book?Explain the different Books along with debit note& credit note?

4 Answers  


why do you want to work here?

0 Answers  


in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

0 Answers  


Short Answer on __________Event

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Expand E M I

8 Answers   Accenture,


What is Goods Lost by Fire/Accident/Theft ?

0 Answers  


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