adspace


when does accounts receivable have a credit balance?

Answer Posted / h.s.sarda

if advance received from customers then it show credit
balance of customer a/c.

Is This Answer Correct ?    41 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com

2170


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.

4309


Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful

2161


what is tds rate of WCT applay for sale tax ragistard company.

2702


what is new updates in account

2126


How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2710


please send me some previous sbi clerical interview questions to my email id....

2236


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

2103


You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

2405


what is your achievements?

2056


HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

3569


tell me about roll model as father

2333


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2589


can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com

2179


pls send me capital iq quition paper pls, ihave 2mr interview thanks

2386