If we spend a sum of Rs.10 Lacs towards Processing and
Upfront fee for obtaining working capital term loan.
can we treat this amount as a deferred revenue expenditure
or not
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
Expand ________DAVP
Dividend per share?
Expand---------PRTS
If an overpayment (more than was paid) was posted on a statemnt, can I just make a debit note on the account with the difference? Example Customer had to pay me R 10 000 Payment on his statment was passed for R 15 000 Can I make a debit note with the dif of R 5 000, to rectify the account for the specific month?
what is mean by reserve?
Expand---------RTC
When did the accounting requirements of the revised SORP & Regulations come into force?
PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.
how will you create the posting periods 3 and 5 or 5and 7?
What do you mean by Venture Capitla and Private Equity?
What is the treatment of partners salary in profit and loss account.