Interested to Buy Any Domain ? << Click Here >> for more details...
Hi Everybody,
i would like to know the journal entry for the below
question,
1). One color Tv is taken by proprietor for Personel use.
also in TALLY Accounting package how i can post,if it is
drawings,under which account, please let me know.
Thanks,
- 12 Answers
- 15235 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / amit chakraborty
1)The entry will be:
Drawings Dr
To Cooler Tv
2) In tally, the group of the a/c drawings will be- Capital
| Is This Answer Correct ? | 3 Yes | 7 No |
Answer / vadeendra
Accounting entries will be only for those transactions which
can be expressed in monetary terms. so there will not be any
entry for this transaction.
| Is This Answer Correct ? | 0 Yes | 5 No |
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
WHAT IS SHARE OPTION OUTSTANDING ACCOUNT??
1 Answers National Institute of Food Technology Entrepreneurship and Management NIFTEM,
what is the difference between 'Quotation' & 'Profarma Invoice'?
If i have to sell the existing Business of Mine, What are the calculation for this ??
Why did you choose the a-levels you did?
What is the important of computerized accounting to manual?
if i am getting 165000 than should i dedected on my salary or not?
what is the mean of amountisation
If A are issueing a Cheque to B when B will present the Chq. in Bank than what entry will be prepare by the Bank in Their Books ?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
How can we create compound unit(eg:pkt of 10 nos) in Peachtree accounting software?if u know the answer,plz post it. by Libin kulamuttom
what is corporate assesse
Audit 
