Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sandeep rao
A debtor/Accounts receivable is a person who owes to money
to the business as he has received some benefit from the
business.
A Creditor/Accounts Payable is a person to whome the
business owes money as he has given some benefit to the
business.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is recording damage inventory in books of account?
Tell me what do we mean by purchase return in accounting?
I want to know the Payroll Accounting Questions
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
Spinoff,Spelloff
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
What is the difference between accumulated depreciation and depreciation expense?
Capital secure should be shown in which side of the balance sheet?
audit under section and penalty under saction scurtiny under saction
Private purchases amounting to rs 5000 have been debited to purchases account
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
Tell us why did you select accounting as your profession?
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
What is the provision? What is the entry for provision?
