how to pass journal entry when cash received in the form of
gold or other form?
Answer Posted / rashid
GOLD A/C DR
TO SUNDRY DEBTOR A/C
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Who created snapit accounting?
Tell me what is public accounting?
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
all ques. related to accounts?
What is journalizing?
Sir how the enter of GST adjust of sales return
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
what is accounting cycle ?
Explain me what is tally accounting?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Case Study: Deepak Hand tools Private Limited 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 return 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.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing 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 annual 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 installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
Explain have you ever heard about tds, what it is?
Capital reserve is - a) real account b) nominal account c) personal account d) none of them