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Answer Posted / alphalynda l mawkhiew
Contra Entry is a transaction indicating transfer of funds
from : cash account to Bank account,Bank account to cash
account, one bank account to another bank account.
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Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.
What is written off?
Expand----------SAMC
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Explain why retained earnings have an opportunity cost associated?
what do Loan Loss Coverage Ratio mens describe it with examples?
how can i make transaction related to inflation account in sap ?
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
What is revaluation of assets.when it occurs
Expand-------------BRTS
What are the objectives of accounting
Expand--------TAO
how to check which item is sold by the sundry debtors in tally?
