Interested to Buy Any Domain ? << Click Here >> for more details...
What is the journal entry for insurance premium payment of a
company
- 9 Answers
- 102597 Views
- I also Faced
- E-Mail Answers
Answer Posted / sankeerthana
Whats new in it Just like other payment entries
Insurance a/c dr
To Cash/bank a/c
(being insurance premium paid)
To know more about accountancy and taxation Pl Visit my
favourite WebSite http://therealaccountants.com
| Is This Answer Correct ? | 173 Yes | 23 No |
Post New Answer View All Answers
What is a trial balance in accounting?
Revenue Expenditure
What is vat adjustment?
what are the limitations of accounting conventions
wht is different between defered tax liablities and defered tax assets??????
What are the difference between Debit Memorandum and Credit Memorandum?
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 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.30 million per annum. The plant can be sold for 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 annum 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 installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.
how to record the full and final settlement of employee (salary payable,other payable,,....) when he leaves the company ? or how to pass the entry for that ?
How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally
What is the marginal cost formula?
entry for cash received from debtors
Why did you select accounting as your profession?
Tell me what are the three factors that can affect your cash flow and business profitability?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
