What is mean by account receiveble and account payable how
it will goes to upto finalazation.and wher it will papper
in accounts books.and wher it well be apper in accounts
books can you tell for my accounts interview perpose.
Answer Posted / satyaki_raju@yahoo.com
I am a Tax Practitioner specilly prepared 6 sets of
question papres with answer books mainly basing on accounts
and finance. If needed seriously pl send your e-mail id
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For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
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state and explain THREE types of situation to which accounting concept might be applicable
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