Answer / Shachi Mathur

The Single Entry System was introduced by the Indian Engineering Service Examination (IES) in 1954. Before that, multiple entries were allowed for the examination.

what is mean by leverage ratio?

1 Answers  

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What is split shares.....

7 Answers   FactSet Systems,

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If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???

1 Answers   MNC,

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Expand-------NAST

1 Answers  

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how can i make transaction related to inflation account in sap ?

1 Answers  

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Definition of Health Care Accounting?

1 Answers  

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what is reumbursment.

2 Answers  

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What is Account?

2 Answers   FIC,

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Short Answer on ______Transaction

1 Answers  

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Tell me something about you

3 Answers  

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what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)

1 Answers  

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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.

1 Answers   Ignou,

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