Interested to Buy Any Domain ? << Click Here >> for more details...
what are important steps to take during the conversion of
an accounting system?
- 2 Answers
- 6727 Views
- Cap Gemini, Franklin Templeton, Globix, I also Faced
- E-Mail Answers
Answer Posted / anil
before all the accounts taking up of the company first the last year balances has to transfer to the present year and alla the assets have to note down in assets side and liabilities have to shown in liabilities side and any outstandings of the company have to add and any payments has done deduct the amounts and if any balance is left of that year again transfer that balance to the next year
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
What is the Assets & Liabilities?
What is Trade Recovery Estimate and how can we calculate it?
WHAT IS INTEGRAL ACCOUNTING
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
What is the meaning of Debt reconciliation and how to do debt reconciliation?
reason for difference in Balance sheet (Asset side & Liabilites side)
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
EXPAND_________SDJMC
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
explain Dual entry concept
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
i want report country wise with invoice number for gl account
what is the accounting conventions
