Your grandfather is 75 years old. He has total saving of Rs. 80000. He expects that he live for another 10 years and will like to spend his saving by them. He placed his saving into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occuring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

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who issues the accounting standards?

4 Answers   ABC,

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Goods destroyed by fire rs.2000 and insurance company claim rs 1250. This is shown on adjustment,how is it posting on profit and loss account and balance sheet

1 Answers  

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machinery purchase of 10000 plus transportation 800 what will be the journal entry

2 Answers   Air Smart HVAC Solutions, SS Solutions,

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4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?

1 Answers  

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How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.

2 Answers  

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which assets may have credit balance ?

3 Answers  

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How is an accounting department structured?

0 Answers  

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Explain what does financial statement of the company includes?

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how to do asset appreciation in sap?

0 Answers  

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What are the difference between P/l a/c and income and expenditure

12 Answers   Genpact, IBM,

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how to pass entry in tally Rs 50000 cheque paid to son by father

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