Answer / s n shah

As such no entry. If any transaction takes place then
accounting entry is to be passed. You can create the
company name in tally

Answer / manoj

cash/ bank a/c dr.
to capital a/c cr.

How can I pass the journal entry for work in progress for a construction company for every end of the period and what should be for next period? I would like to know the debit and credit should allocated where in an accounting system?

3 Answers  

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our company purchased a used Forklift car. it is 6 year old. since it has reached its depreciated value, do i need to take it as a Fixed Asset? or just book it as an expense ?

1 Answers  

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I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

0 Answers  

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what is the difference b/w provision for baddebts,reserve for baddebts? pls explain me with example

2 Answers  

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give me some simple examples of personal account, real account, nominal account

2 Answers   TATA,

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Is petty cash book is compulsory in all companies?

1 Answers   ACS,

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why should we call profit and loss account in general we get profit either loss can we call that as profit or loss account?

1 Answers   DuPont,

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2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.

0 Answers  

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how to create salary and pf statement in excel sheet?

0 Answers  

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How to face the interview of account in mnc & other plz me adivce

2 Answers   Accounting, FactSet Systems, HCL,

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wat is mass allocation and when it is used

0 Answers   Meru Cabs,

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what is concept of accounting

12 Answers   Genpact,

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