Interested to Buy Any Domain ? << Click Here >> for more details...
ram is withdrawn goods for personal use(sales price
RS.600,Cost Price Rs.500) how to pass entry
- 4 Answers
- 22100 Views
- I also Faced
- E-Mail Answers
Answer Posted / vikram verma
Drawing A/C Dr. 500
To, Purchase A/C 500
| Is This Answer Correct ? | 60 Yes | 11 No |
Post New Answer View All Answers
AL+w button lanunches the .............. installed web brower
What are the different types of gst?
how to deduct tds on income from other sources with examples
What is the purpose of accounts like e.g. expense accounts assigned a account number 0040, principal account assigned anumber 0060.In our general ledger software such numbers are assigned.I want to know how these numbers (accounts) help in maintaing accounts of a company (like bank reconciliation).
Explain have you ever heard about tds, what it is?
What is an ea in accounting?
what is the meaning of 4X and 10X value in intraday market?
Have you ever made mis reports and what are they?
Why you want to change???
Tell me in accounting, how do you define premises?
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
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?
Define social responsibility accounting
