What do you mean by ledger posting?

0 Answers  

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Purchase returns?

2 Answers   ACS,

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what is asset and what is liability ? why in B/S both will tally at the of the accounting yr or financial yr as the case may be ?

1 Answers  

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Please provide me the entire format of P.F. & ESI

0 Answers   Logistics,

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Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

3 Answers  

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If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

0 Answers   ONGC,

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what diff. between huf and individual?

2 Answers  

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AFTER MY QUALIFICATION WHAT IS THE UNIQUE THING ABOUT ME THAT COMPANIES EXPECT?

1 Answers   Infosys,

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Aptitude Test Questions

0 Answers  

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What is Reserve & Surplus? Plz give me with some Example.

10 Answers   Bank Of India, Genpact, iGate,

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What are the three factors that can affect your cash flow and business profitability?

0 Answers  

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what is account opening and account closing??

10 Answers   Royal Bank Of Scotland,

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