Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / yoga
The Golden of Accounting is
1.Personal a/c debit the reciver credit the giver,
2.real a/c debit wat comes in credit what go's out,
3.naminal a/c debit all expensess and loss credit all
income and gains
| Is This Answer Correct ? | 18 Yes | 0 No |
Post New Answer View All Answers
Tell us what kind of work environment do you prefer?
Which forms in use in service Tax, Excise duty and Vat for the return.
What does the standard journal entry includes?
how to assign the cost center to GL Account in SAP (FICO)
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Tell me how many types of business transactions are there in accounting?
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
Define trade bills?
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
What are the disadvantages of manual accounting?
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Who uses accounting?
what is the meaning of written-off as goodwill written-off
What does an accurate trial balance suggest?
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
