Do you know overhead in terms of accounting?
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how to treat investment fluctuation fund in case of death of a partner
What accounts are to be debited and credited in this case o
Why company issue shares at discount as its a loss ?
what do you mean by accrual & due ? What is the difference between Accrual & due?
I have received 75000 as retainer ship fees from ABC company what was the journal entry I have to pass in my books
purchase rice 2 bags rs.7500 and vat charges @5% what is the answer...
Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.
What is menat by INVOICE?
What is Tax Audit ? Please Explain.
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?
Mention what does the investment of personal assets by the owner will do?