Answer / pradnya

A ledger is a book or computer file used to input accounting
records. It usually lists the debits and credits associated
with the entity for which the transactions are being
recorded. Ledgers were traditionally on paper and often
entered in bound books. With the start of the computer age,
electronic versions became more common.

Answer / sreedhaam

A general ledger account is an account of main ledger it’s
a group of sub ledgers, balance sheet and income statement
build with general ledger transactions. Examples of general
ledger accounts include the asset accounts such as Cash,
Accounts Receivable, Inventory, Investments, Land, and
Equipment. Examples of the general ledger liability
accounts include Notes Payable, Accounts Payable, Accrued
Expenses Payable, and Customer Deposits. Examples of income
statement accounts found in the general ledger include
Sales, Service Fee Revenues, Salaries Expense, Rent
Expense, Advertising Expense, Interest Expense, and Loss on
Disposal of Assets.

Answer / sadiq ahmed

Also commonly referred to as an accounting ledger, a
general ledger is a primary accounting record used by a
business to keep track of all the financial transactions
the company makes. All financial transactions, debits and
credits, are recorded, or "posted," in the general ledger,
regardless of whether or not they also post to a subsidiary
ledger (sub-ledger), such as accounts receivable or cash.

Answer / swatikarnwal

General Ledger is balance sheet prepared by every finance department which maintains all debit & credit transactions on a daily, weekly monthly & yearly basis.

please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

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what is an invoice

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Expand----ICRC

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what are the question going to ask for freshers about acccouting knowledge and how to prepare ourslf ...

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where can i get APGENCO jr Accounts officer test question paper

1 Answers   APGenco, apspdcl, JAO,

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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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Expand---------BTSR

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Expand ________HDFC

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1.what is debenchers? 2.what is devident? 3.reverce merger?

2 Answers   Genpact,

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what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

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MEANING OF THE ACCOUNTING AND GIVE THE DEFINATION

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What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?

0 Answers   Accenture,

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