Answer Posted / siddharth dhabhai

THERE ARE SOME MAJOR FACTORS FOR THIS IS THAT ;
1] I THINK THAT THE BANKING SECTOR IS BEST BOOMING
SECTOR,THAT PROVIDES US GREATER OPPORTUNITIES TO ENHANCE
OUR CAREER.
2] THAT BEST FOUNDATION LENDER IF YOU ARE HAVING AN
COMPETITIVE SPRIT OF DEVELOPING OURSELF.
3] BEST GOVERNING SECTOR AS INFREASTRUCTURAL VIEW AND THE
FOCUS OF GOVT, SHOWS THAT IT WILL EXPANDING LOT MORE IN
INDIA .
4] NO TIME LIMITS ON PROMOTION THAT MEANS IF U ARE AN
EFFICIENT ONE THAN U CAN GUIDES YOUR FUTURE WHERE U NEED.
5]AND I THINK U NEED TO GIVE AN NAME OF YOUR RELATIVE THAT
INSPIRES U FOR THIS THIS IS BENIFITIAL AS WHEN INTERVIEWVER
WANT THIS.

DONT MISS MANAGMENT ID ART OF TELLING LIE BETTER THAN TRUTH
BEST OF LUCK FOR INTERVIEWS .

explain Dual entry concept

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Take me through the entire vendor cycle.

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How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

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Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

2177

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What is payment/receipt/period accruals?

1786

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explain the financialand economic meaning of investment?

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When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

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Which entry we pass self entry like cash withdraw for ourself

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Short Answer on _____________Accident Insurance

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what are the customization u have done in sap mm

2329

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What is revaluation of Accounts, how does it is accounted in business

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2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.

2288

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purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest

2062

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