Answer Posted / siddu

profit is source of fund and loss is application of fund. therefore, we should shown loss on asset side of Balance sheet

By saying, perpetual or periodic inventory system; what do we mean?

1232

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BRIEF IN DETAIL REGARDING RATIOS

1970

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as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

2311

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Define a company's payable cycle?

1294

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Why have you applied to our firm?

1174

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One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2749

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If the company acquires equipment prior to incorporation what are the accounting entries?

1669

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What are the advantages & disadvantages of double entry system?

1326

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1818

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HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB

2235

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explain me what steps would you take to increase revenue for this company?

1079

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the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?

3203

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I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

1838

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How can I put Bank Guarantee Receipt entry in Tally ERP9?

3893

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Detail your responsibilities in accounts receivable

1226

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