Answer / queenie

It helps the business to know its BEP (Break even point)
i.e. helps the business knowing the minimum output required
to cary on the businees / to earn the profits.

which type of account is income tax is it a personal,real or nominal or what?

5 Answers   Asian School of Business Management,

---

Principles of accounting with atleast one example for each.

3 Answers   Franklin Templeton,

---

what is the difference between gross profit and net profit?

7 Answers  

---

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   Ignou,

---

define fixed assets

0 Answers  

---

what is authorised capitla and subscribed capital

14 Answers   ANZ, Capital IQ, Insurance,

---

what is the difference between planned and non planned budgt

0 Answers  

---

what is the diff b/w manufactring a/c & trading a/c?

2 Answers  

---

What do you mean by Preliminary Expences

7 Answers   IBM, TCS,

---

what is the difference between draft and cheque

3 Answers   NIIT,

---

Short Answer on ________Adjusting Entries

0 Answers  

---

EXPAND_________SMS

1 Answers  

---