Answer Posted / satyaki_raju@yahoo.com
In business terms the word purchase means inventory which
is meant for sale or meant for consumption in the
manufacturing process
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
Have you worked with other on team endeavors
What is the difference between Risk, Threat & Hazard?
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
what is corporate accounting?
which kind of expenses or Income will come under direct expenses or Income ?
what is waybill key number & how can it be issue?
what is difference between account and accounting
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
Under the accrual basis of accounting incomes are recognised at the time -------------------
Expand---------EDP
what is status report? and flow report?
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 Mortgage Payment Problems?
what is meant by virus