Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / shefeek cv
opening balance is the balance which is carried forward
from previous year and closing balance is the remaining
balance carried forward to the coming year
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
Exapnd--------RAN
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
Reserve Capital and Reserve Capital
let me know the meaning and Nature of cash
what is the difference between accounts manager and finance manager?
What is the journal entry for Call and a Put option both in the books of buyer and seller
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
how many types of practice accounts?
What is miscellaneous expense and when it is used
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
Difference between nonoperating expentiture and non cash expenditure
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
