Answer Posted / tarun sablok

As you told your bank book bal. is rs. 700000/- but bal. as per bank is 100000/-. So you have to show bank bal. rs. 100000/- in your books and rest of balance you have to show in cheques receivable. When your cheques will be cleared then you debit your bank account with 600000/- and credit to the cheques receivable.

What is the definition of manual accounting?

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How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500

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Explain me the difference between accounting and auditing?

1141

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What is Provision Entry

1607

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Can you differentiate public and private accounting?

1250

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Explain me some of the examples for liability accounts?

1025

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Is it compulsary to give TOEFL for applying US visa.

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while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?

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Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

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Can you name different branches of accounting?

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GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?

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How to prepare in yearly turnover?

2112

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Tell me what is accrual accounting?

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Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

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Tell me what is gaap?

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