Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / chandu
Trending a/c Dr
To opening a/c
| Is This Answer Correct ? | 1 Yes | 8 No |
Post New Answer View All Answers
Short Answer on _________Financial accounting
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
plz send me hsbs finance questions asked in the interview ans appitude also
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
If income and expense both are equal then what it depicts
Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
shares journal entries
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
what is pre post expenses
please specify some books name in preparing a bank exam apttirutude questions
i have need full detail of tds rules and forms submitted dovetails
what is duties and responsibilities for clark working in sbi
Explain valuation methods of Normal and Abnormal loss
