Answer / ravindra

Bank over draft is nothing but the limit of over draft
sanctioned by the banker to the company

bank occ stands for office of the controller of currency
it regulatesand supervises national bank including domestic
banks or foreign banks

ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.

7 Answers  

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goods sold to mr x of rs5000/-,out of that we give him discount allowed of rs 500/-,and we take setting charges of rs1000/-.so what will be the entry?

6 Answers  

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If Cost of goods sold is Rs.80,700, Opening stock Rs.5,800 and Closing stock Rs.6,000. Then the amount of purchase will be (a) Rs.80,500 (b) Rs.74,900 (c) Rs.74,700 (d) Rs.80,900.

4 Answers   Infosys,

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what is the meaning of receivables and payable?

3 Answers  

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A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000

2 Answers   IMT, Wipro,

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What are the nine accounting cycles?

0 Answers  

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What is BMP in IMS

1 Answers  

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what accounts payable applications are your familiar with?

0 Answers  

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what is the meaning of the amortization

6 Answers   BoA, Karvy,

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what is basic difference between accounting and finance

4 Answers  

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Hi all, I am having a interview tommorow at MG Road HR personal interview for IBM daksh. Can any one tell me most likely asking question with the answers. Thanks in advace.

2 Answers   IBM,

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can any accountant forward format of daily or monthly mis format for accounts and finance dept!!

0 Answers  

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