Answer Posted / anjana sehgal

No, Voting rights except in exceptional circumstances as
mentioned by Divya.

The basic difference between equity & preference shareholder
is that :

1. Preference of Paying Dividend : preference share holder
has preference of receiving dividend in the event any
decision regarding payment of dividend is taken i.e before
pronouncing dividend to equity shareholder co is required to
announce or declare dividend to preference shareholder

2. Preference of Repayment of Capital amount : As per Co's
Act no company can issue irredeemable preference share but
this is not in case of equity shares.

And also in case of winding up of the Co. preference
shareholders are given preference over equity shareholder
while repaying the capital sum invested by them in the form
of preference share capital.

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

2414

---

Tell me what is the equation for acid-test ratio in accounting?

1004

---

What are the disadvantages of manual accounting?

1097

---

In South Africa , the current rate for value added tax is ?

1768

---

How is an accounting department structured?

1106

---

what is general accounting

2266

---

Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00

2196

---

Tell me what does the standard journal entry includes?

4065

---

A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?

2262

---

What is an accounting transaction?

1167

---

There is no item category assigned to account

2213

---

One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2747

---

director wife expenses which entry

2028

---

I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?

2006

---

How the MIS format made up in XL.

1900

---