Interested to Buy Any Domain ? << Click Here >> for more details...
what will come under debit and credit side in trial balance
please give me answer
- 15 Answers
- 134221 Views
- BMCC, Genpact, HF, UNSW, I also Faced
- E-Mail Answers
Answer Posted / pavani
in debit side of trial balance.... all expenses, losses and
all assets
in credit side of trial balance...... all incomes. profits
and all liabilities
| Is This Answer Correct ? | 45 Yes | 3 No |
Post New Answer View All Answers
If closing stock is given in adjustments, how we show in tally 9.0 ?
what is a corporate chart of accounts and its purpose?
what is a register when referring to accounting or bookkeeping?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Have you ever heard about tds, what it is?
what is subscription order
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
input vat, wht use in wct
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
What was your most complicated sales cycle in past positions?
Is financial accounting necessary?
