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What is Accounting? How to prepare the manual accounts? What
are the manual accounts? What are the subsidary books? How
to classify, summerising and posting accounts. What are
basic and important stpes to take while preparing
journal,ledger,cashbook, Bank book, Trailbalance, Trading
and profit and loss a/c and Balance sheet.
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Answer Posted / patil_vc82
accounting is systematic record keeping of your each
transaction relating to your business
| Is This Answer Correct ? | 5 Yes | 3 No |
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Short Answer on _________Financial accounting
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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