Answer / Kundan Kumar Vats

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What is cash flow and fund flow?

1 Answers  

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The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?

14 Answers   ICA,

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what is the meaning of single entery system and double entery system ?

4 Answers   Suzlon,

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how we will account the preliminary expenses in journal and ledger as well as balance sheet?

5 Answers  

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What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1 Answers   Kiwi Foods,

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if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

1 Answers  

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what is deferred income & deferred revenue expenses

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What are control ledgers? What are the purposes of maintaining it?

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If A car in Name of company got damaged. and total amount of its repairing is 15,000/- and insurance company give me 10,000/- of it. Balance amount we paid through bank or cash .Then What is the entry for this in books.Kindly mention Ledgers with their respective Group Head.

2 Answers  

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Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.

1 Answers  

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In which group " charity" will come under.....in tally?

2 Answers   Al Reef, HCL,

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why the provision is created in profit and lose account

1 Answers   Wipro,

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