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wht is overdrafting and where we have to shown.
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Answer / omer khan
overdrafting means directing a banker to pay the amount
which is more than the amount available in the bank account
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sony joy
overdrafting is the process of taking loan from bank for
conducting business. and it is shown as the liability in the
balance sheet
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / moti
While you see bank statment it shows dr.balence that means
bank will collect money from you.in other word you spend
more money in respect to bank balence
| Is This Answer Correct ? | 2 Yes | 0 No |
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12 Answers Capital IQ, Manufacturing,
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
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