what do you mean by Accounts payable
Answer Posted / dhulipalla aravind
a liability a/c showing how much is owed for goods and
serives purchased on credit
| Is This Answer Correct ? | 21 Yes | 8 No |
Post New Answer View All Answers
What is Accommodation Bill
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
Who is called consignor
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
Expand-------MUR
Difference Between Revenue & Capital Expenditure (Give an Example of each )
give the examples of Error of Duplication?and Error of compensatin? with entries
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
what are the questions commomly asked in reuter's interview.?
What will be the consequences if the partnership is not registered
Short answer on Amalgamation
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
Expand-------MTRS
why you choose accounting as your career ? ?
if jj form not cancelled within 1hour,wat to do