Answer Posted / john

bill payable means paying the bill of electricity, etc it is credit purchase,


bills receivable means receving cash from the customer

please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

1946

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am attend to bank exam(iob)pls send model questions

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4298

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1656

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1488

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hi.this krishan .i m slect in axis bank for executive. when i sposse to join

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1617

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1448

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1493

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1970

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please provide wct retun guide line how can prepaire that

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