Answer Posted / n.veeranjaneyulu
IF ANY PAYMENT/ADVANCE MADE TO ACQUIRE THE FIXED ASSET AND
WHICH IS NOT READY TO USE IN THE BUSINESS IS CALLED CAPITAL
WORK-IN-PROGRESS AND IT WILL SHOWN UNDER CURRENT ASSETS,
LOANS AND ADVANCES
| Is This Answer Correct ? | 11 Yes | 9 No |
Post New Answer View All Answers
What are the benefits ofparticipation in a depository?
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
Expand---------NPTO
what is Exposure ?
pls send me capital iq quition paper pls, ihave 2mr interview thanks
what is non stock?
Depreciation method to using Indian company names
What is EBITDA
what are the type of cash flows?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
WHAT IS PROSPECTUS?
what is an advance against expenses
can payorder be issued for outstation?if yes then how?should it be account payee?
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?