What is the limitaion of the Trial Balance?!
No Answer is Posted For this Question
Be the First to Post Answer
i purchase a printer which expenses it comes my shop is medicines purchase and selling
WHAT CAN CLOSING STOCK SHOWING IN TRIAL BALANCE
in Tally what is cost cenre,cost categori and why we need to prepare them
Explain me the difference between public and private accounting?
1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
Why we do Inter company reconciliation
If i have started a new institution than what are the entries i have to passed in tally
what is account reconcillation
What is mean by assets
how to enter in tally ? its a running company but now start to accounts maintaining we rent paid in advance (valid 1/6/2015 to 31/05/2016
Where should tds received should show in balance sheet?