Interested to Buy Any Domain ? << Click Here >> for more details...
THE DEBIT BALANCE OF THE P&L A/C IS SHOWN IN WHICH COLUMN
OF BALANCE SHEET
- 59 Answers
- 87755 Views
- Capital IQ, College School Exams Tests, Renault, State Bank Of India SBI, WS, I also Faced
- E-Mail Answers
Answer Posted / vijayranga
Debit balance of P&L account will be shoen in the B?S at
the same column only as "Net loss",
by deducting from capital, if it is net profit addding to
the capital.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is the content of purchase order? n content of voucher? what is the main use of voucher.
define bank Draft
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
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.
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
give the examples of Error of Duplication?and Error of compensatin? with entries
If its is declared by auditor that business is not going concern that what journal entry will be pass?
how many schedules are there in accounting?
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
Expand--------AA
Which document should be attached with purchse & sales invoice?
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
send me accounting test ppaers
