Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / raju gupta
reduction in the value of fixed integrable asset is called
amortization....
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Tell me what do you believe makes a successful account executive?
what is t code of journal voucher report with amount?
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
Tell us what is your proudest accomplishment?
Assigning natural account to accounting seg. What will happen
Tell me what are the activities that includes in cash flow statement?
What are the functions of manger -accounts and manager-finance?
Explain purchase day book.
What is the purpose of financial statements?
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
how many types excise audits and when they are applicable to firm
What does it mean to do accounting training outside of public practice?
Explain what does the standard journal entry includes?
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.
