Interested to Buy Any Domain ? << Click Here >> for more details...
journelising the following?
dpereciation of plant & machinery rs 30000/-
interest accrued but not received Rs 15000/-
prepaid insurance Rs 10000/-
drawings of cash Rs 5000/-
withdrew goods for personnel use Rs 2000/-
what is cost centre?
How do you verify the correctness of material control
system?
How many directors are required at a minium for Private ltd
and public ltd companies?
How do you compute the following ratios?
current ratio
net profit ratio
gross profit ratio
debt service coverage ratio
sales turnover ratio
- 3 Answers
- 6111 Views
- I also Faced
- E-Mail Answers
Answer Posted / srikar.p
1)Depreciation a/c Dr 30,000/-
To Plant&Machinery a/c. 30,000/-
2)Accured Interest a/c. Dr. 15,000/-
Interest a/c. 15,000/-
3) Prepaid Insurance a/c. Dr. 10,000/-
Cash a/c. 10,000/-
4) Drawings a/c. Dr. 5,000/-
To Cash a/c. 5,000/-
5) Drawings a/c. Dr. 2,000/-
To Purchased a/c. 2,000/-
Current Rato = Current Assets/Current Liabilities
Net Profit Ratio= Net Profit/NetSales*100
Gorss Profit Ratio= Gross profit/Net Sales*100
Debt service = Credit Sales/Avg.Debtos
Sales T/O Ratio= Cost of Good sold/
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
What is BRS Adjustment entry?
What steps would you take before approving an invoice for payment?
What is fitting and fixtures?
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
our cheque to Arshad Khan was dishonored?
Cello pen gross value is 935.89 for 12 nos 14.5% tax
cash credit taken from bank then what is the general entry?
What is an operative accounts?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
What are mis reports?
What and How to compute an unsecured balances?
Detail your responsibilities in accounts receivable
What is a ledger?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
