Answer Posted / Shruti Mishra

{"1.Reserves": "Final Accounting Adjustment: Reserves are amounts set aside to provide for future liabilities or contingencies. For example, a company might have a reserve for depreciation, bad debts, or research and development costs. Reserves are created when there is an uncertainty about the amount of expenses that will be incurred in the future.",n"2.Provisions": "Final Accounting Adjustment: Provisions are amounts set aside to cover future liabilities that have a virtual certainty of occurring, but the exact amount is uncertain. For example, a company might have a provision for warranty expenses or litigation costs. Provision is created when there is an existing liability where the amount cannot be determined accurately.",n"3.Disposal of Assets": "Final Accounting Adjustment: Disposal of assets refers to the sale, transfer, exchange, abandonment, or destruction of an asset. When disposing of an asset, any gain or loss should be recorded in the financial statements. For example, if a company sells equipment for more than its book value, it will record a gain; if it sells it for less, it will record a loss.",n"4.Control Accounts": "Control accounts are a part of the chart of accounts used to consolidate similar types of accounts in one place. They are not directly found on the financial statements but are used to verify the accuracy of the balances shown in the statements. For example, the sales control account is used to summarize all individual sales transactions and provides the total sales revenue for a period."

Do you use social media to identify prospects?

1236

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Why did you choose the a-levels you did?

1146

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How to get C forms in online? Plz give me Processor Thanq

3391

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What is account payee cheque? Expand ctc cheque?

1267

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hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much

1984

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

2451

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Which accounting applications are your familiar with?

1061

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rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.

1767

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WHICH QUESTIONS ASKED IN EPFO IN 2009.

1982

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Explain a time when you have not met your goal?

1181

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The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).

2192

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Tell me do you have any professional experience of this field?

1208

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

1989

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what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1997

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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

2231

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