adspace


In Ledger of Capital A/c what will be the entries for Drawings a/c?

Answer Posted / abhi

capital a/c dr.
to drawing a/c

Is This Answer Correct ?    1 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you use social media to identify prospects?

1245


a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?

2428


Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00

2239


what is the new rate of c.s.t in uttraklhand

2463


As you know account executives need to be talented salespeople. Do you have experience making sales?

1099


formula of reduction in tax credit of vat form 201(gujarat)

4341


what accounts payable applications are your familiar with?

1229


How many invoices on average do you handle on a weekly/monthly basis?

1338


What qualities have you got that would make you a good accountant?

1120


Please provide me the entire format of P.F. & ESI

2192


can any one send me tally professional version link

1724


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.

1800


Do you have any professional experience in this field?

1117


Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP

1996


what are your current financial and accounting projects? What is your role?

2940