List the clasification of errors
Answer / aarti paliwal
error of commission
error of ommission
error of principal
error affecting trial balance
error not affecting t b
compenasting error
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What information needs to be disclosed in accounts?
circumstances in dissolution of solvent and insolvent partner in garner v/s murray rule
Why we Add the net profit in the balance sheet ? Why we shows profit in the liability side of the balance sheet?
Who are the Users of Financial Information
what is market captilization?
What is the meaning of net incaome?
expand D I N
Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5
I would like to know more about the piecemeal realisation of assets. What is the procedures needed when I couldn't sell off my assets immediately after the dissolution of partnership?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
What is retained earnings
what is the difference between company balace sheet and school balance sheet ?