Interested to Buy Any Domain ? << Click Here >> for more details...
what is the enty for gift given to company employee by
company but purchased by director of the company
- 3 Answers
- 35015 Views
- I also Faced
- E-Mail Answers
Answer Posted / rakesh verma
Gift given to employees can be entered as Staff Welfare or
performance bonus and the entry would be:
Staff Welfare A/c Dr.
To Directors A/c Cr.
mention all details in narration.
| Is This Answer Correct ? | 20 Yes | 5 No |
Post New Answer View All Answers
What are the accounting entries for branch accounts?
AL+w button lanunches the .............. installed web brower
what is a state cheque? how it differes from stale cheque?
Do you know what is double-entry accounting? Explain with an example?
Tell me which accounting application you prefer most and why?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
What is trial balance? What does an accurate trial balance suggest?
What is the difference between trial balance and general ledger?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
what are the different types of expenditures considered for the purpose of accounting?
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
