Interested to Buy Any Domain ? << Click Here >> for more details...
In what circumstance month end liability wil increase ?
- 1 Answers
- 4729 Views
- FIC, I also Faced
- E-Mail Answers
Answer Posted / funsuk wangdu
when we do not pay monthly revenue expenditure, by the
effect of this liabilities will increase.
for example - outstanding wage or salary
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
DIFFERNCE BETWEEN RESERVE AND FUND?
What is liabilities and what all does include in current liabilities?
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
Explain me what do you think is bank reconciliation statement?
Under what type of account do the unearned revenues fall?
Define push down accounting?
Explain what is double-entry accounting? Explain with an example?
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
List of Indian accounting standards and international financial reporting standards
how calculate intrest on advance tax ? and penalty on vat?
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Explain the accounts payable cycle
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
