Answer Posted / sunaina kesav
Assets that are acquired ,fairly valued and go beyond the limit of acquisition . This will affect transactions listed on the balance sheet.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Mention what are things will not be included in a bank reconciliation statement?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
Explain the term account payable?
what is the entry of credit card received excess amount entry in tally and their under group names
What is Time capital
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
Do you know what is double-entry accounting? Explain with an example?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
What is general ledger account?
Compare financial accounting and cost accounting.
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
What are the different fields of accounting?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
i want to know f form and how to use and how can purchase
Who is considered the father of accounting?