what is the procedure to get the duplicate Cform in case the original is lost in transit.

2 Answers  

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

0 Answers   D M Systems, Ignou,

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what r the basis rule of accounting like what we do if it comes in and goes out it was like debit what comes in and credit what goes out..so what to know this basic law

1 Answers  

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Assessment Year or Finanacial Year is Both are same or Different.

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what is debit note received entry ?

2 Answers   Flextronics,

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What is COVER payment?

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how to entry in tally for other person check received

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Expand -------CCIL

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Expand ________FICCI

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While selling fertilisers can we charge VAT on excise duty.

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Why closing stock wont appear in the Trial Balance?

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why do u prepare trial balance

6 Answers  

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