Interested to Buy Any Domain ? << Click Here >> for more details...
What is the nature of bank account:
a) nominal
b) real
c) personal
- 29 Answers
- 87519 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / mahesh sharma
personal
| Is This Answer Correct ? | 39 Yes | 10 No |
Post New Answer View All Answers
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
Explain what is balance sheet?
How Can We Justify the,Real A/C & Nominal A/C?
Tell us do you possess any knowledge about accounting standards?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000
Plant and machinery destroyed for 50000
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
Tell us what inspired you to move to the next opportunity?
What have you read in the newspapers in the last few days that particularly interested you?
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
