why bank accounts are not coming in profit and loss
account ?
- 4 Answers
- 7053 Views
- TATA, I also Faced
- E-Mail Answers
Answer Posted / kannan
First of All , P/L A/c consists of Companies income and Expenses. Bank A/c is neither an expenses nor an Income, its like a lnvestment. so it should be shown in assets side of the balance sheet.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What is account payee cheque? Expand ctc cheque?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
WHICH QUESTIONS ASKED IN EPFO IN 2009.
Why did you choose the a-levels you did?
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
what is the new rate of c.s.t in uttraklhand
IS METHODEX IS GOOD INSTITUTE FOR SAP FICO MODULE TRAINING. IS IT IN BANGALORE OY HYDERABAD.
How to get C forms in online? Plz give me Processor Thanq
Have you ever made mis reports and what are they?
As you know account executives need to be talented salespeople. Do you have experience making sales?
How many invoices on average do you handle on a weekly/monthly basis?
Tell me an example of a tough decision that you had to make?
describe any accounting process that you have developed or revised
Do you have any professional experience in this field?
Tell me what is your track record for consistently achieving your targets?
