Answer Posted / antony
decrease in the value of assets due to tear and wear
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the general classification of accounts that usually ledger account involve?
How does accounting contribute to the community?
Tell me the stages of double entry system?
how to calculate basic to gross salary
What do you find most satisfying about this job?
Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
what is tax deducted at source
if you are a hard working nature conclude your self?
What is absorption costing with defination? and what is marginal costin with defination?
What information do you require before you approve an invoice for payment?
What are the criteria for accounting job?
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
If the company acquires equipment prior to incorporation what are the accounting entries?
could i know how to accounting lease intrest ?
Why Company maintain's books of account?