Interested to Buy Any Domain ? << Click Here >> for more details...
Can anybody tell me the placement of the following ledgers
in the Trial Balance
1.Loans and Advances
2.Interest on Capital
3.Customer Deposit
4.Preliminery expenses
5.Insurance claim
- 4 Answers
- 7447 Views
- I also Faced
- E-Mail Answers
Answer Posted / sreedhar
All the ledgers showing debit balance will come in debit
side and showing credit balance will come in credit side.
Nothing else.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Entrance Exam question & Answer required
Short Answer on __________Revenue
Short answer on Amalgamation
Which Exchange determine Foreign Exchange/Currency Rate?
What is specific reserve
Short Answer on ________Ad-Valorem Duties
What type of questions in accouting point of respect they ask genrally plz help me find out this.
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 is Budgeted capital ?
What is 100% EOu? what is the benifit and what is difficulty of it?
What is the New GL concept? how do you configure new GL a/c?
who invented acounts?
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
let me know the minimum Accounting Heads in an accounting system
How you implemented a chargeback system?
