What is the nature of bank account:
a) nominal
b) real
c) personal
Answer Posted / roshni kumari
Answer (c) personal(A.P)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.
Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?
Tell me why did you select accounting as your profession?
What are the advantages of computer accounting over paper accounting?
What is the basic accounting equation?
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.
What does it mean to do accounting training outside of public practice?
what single discount is to2 successive discount of 10%& 15%
Explain me where a cash discount should be recorded in journal entry?
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
what is difference between budgeting and Forecasting
Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??
what is tax deducted at source
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es