Interested to Buy Any Domain ? << Click Here >> for more details...
what would be the journal entry for outstanding salary of 15000 paid by advance salary of 25000??
- 5 Answers
- 8487 Views
- Hindustan Power Projects, I also Faced
- E-Mail Answers
Answer Posted / romit
SALARY AC DR
TO OUTSTANDING SALARY 15000
2. OS SALARY AC DR TO BANK 15000
3. SALARY AC DR TO ADVANCE SALARY 10000
3. ADVANCE SALARY AC DR TO BANK 10000
| Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
what is inter-company transaction? what is Inter-Branch transaction?
What are the reasons which cause pass book of the bank and your bank book not tally?
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 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.30 million per annum. The plant can be sold for 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 annum 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 installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
Explain me how much mathematics knowledge is necessary or required in accounting?
Give ONE reason for Balance Sheet to be out of balance
all GL Related Interview questions with answear
Explain what a deferred asset is and give an example?
Explain what is account receivable?
Tell me what are the three factors that can affect your cash flow and business profitability?
What are the steps involved in project implementation?
What are accounting entities?
Tell us in balance sheet, where do you show tds?
Tell About ur self what will i say plz help me
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
Tell me why did you select accounting as your profession?
