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Credit Limit enhanced the Bank 10Cr to 15 Cr How to post the
entry in accounting books
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Answer / aboobacker
Debit the Bank Current a/c
Credit the Bank Loan a/c
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Accounts Paybles & accounts Recivable are Real A/c , Personal or Nominal A/cs ?
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?
I Give a Cheque for IPO in Saving Bank Account , What entry in tally accounting softwer With Example
Asset A/c is a ............... (a) Personal a/c (b) Real a/c (c) Expense a/c (d) Personal or Real a/c
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.
0 Answers University of Professional Studies Accra,
Is all receives are income or all income are receives.and which is the receive that is not income.
purchase rice 2 bags rs.7500 and vat charges @5% what is the answer...
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.
A computer purchased for the use of Branch & payment would be made by company. What would be the entry in the books of Branch ?
What are the 4 phases accounting?
u paid cash to supplier in advance for purchasing goods in future? so what will be the entry in tally?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
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