what is financial MIS report and what is included in it.
Please help me out to know the concept
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Answer Posted / sharad patil,sangli. 32 shiral
MIS means "Management Information System" in this report
you have to provide daily transactions means Daily cash
flow of company like, bank details. payment made,payment
received,on daily basis opening balance and closing balance
available to management.
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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