While Scrutinizing the Trial Balance which error will catch
you eye immediately...
Answer Posted / alpesh
while such a Q. comes the eyes always first goes on the
wheather the entry is of real or personal a/c/
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what are valuation accounts?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
what are the new rules of central excise ?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
service tax form no ? What is CC Limit ? What is branch accounts?
why the RRB'S not lend loans directly to farmers?
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.
What are the major responsibility's of an accountant? what are the qualities he /she requires?
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
What is a bad credit score?
Name the Accounting Concepts
what do u mean by arrear basic or arrear hra?
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam