Answer Posted / abdulla koya

Amount owing for services received, eg. unpaid rent,salary
out standing etc.is called sundry creditors for expenses;
it differs from trade creditors which refers to amount
owing for goods purchased

intorduse your self ? what to say if iam fresher.

2555

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Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

2453

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What is limit of turnover for registering under CST & limit of Form 'C '

12428

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Short Answer on ___________Cash Profit

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Expand------------STRA

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while i creating a main asset master there is a error called process being terminated? pls send the solution

2138

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what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year

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I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

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how to do the recurring entries or steps to follow that

1899

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What is outsider equity and time interest period ratio?

1876

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Define Bill of Exchange

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If its is declared by auditor that business is not going concern that what journal entry will be pass?

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You have joined company yesterday then you are Appling B1 visa today. why so urgent.

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EXPAND___________NBFCS

1992

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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

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