Answer Posted / hari
FICR MEANS-- CERTIFICATE OF FOREIGHT INWARD REMITTANCE. IF
WE WILL ARE RECEIVING MONEY FROM FOREIGN COUNTRIES OUR BANK
WILL ISSUE THIS CERTIFICATE.
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Debit Note & Credit Note?
What is a Balance Sheet & Profit & Loss Account?
how to prepare HSD statements in tally
what is corporate accounting?
why the RRB'S not lend loans directly to farmers?
what is contigent liabilities? whats it status in balance sheet?
I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes
Who to create a budget on software company
all of interview question about coop bank of oromia
What elements of your job do you find most difficult
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.
why do you think you are sutable candidate for this post
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
what can increase gearing?