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
- 8590 Views
- Hindustan Power Projects, I also Faced
- E-Mail Answers
Answer Posted / siva
salary in advace ...DR 25000
To outstanding salary 15000
To cash 10000
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
What is short term solvency ratio?
What are the different branches of accounting?
As you know executive accounting?
What steps would you take to locate the errors in case trial balance disagrees?
What is a trial balance in accounting?
What is the marginal cost formula?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
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?
How do you prepare mis reports?
What is the difference between General Ledger and Ledger?
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
what will be the entry for inventory
