golden rules of accounting?
how bank earn profit?
Answer Posted / nnvamshi
Every Debit has a correspondent Credit vice versa.
By Interest on loans.
| Is This Answer Correct ? | 47 Yes | 31 No |
Post New Answer View All Answers
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.
Expand---------OST
What is invoice accounting rules?
what are responsibilities of an accountant in a company?
what is the difference between Assets Allocation & Security selection?
what is the uniform public construction cost accounting act?
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
what are the seven accounting rules
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
can payorder be issued for outstation?if yes then how?should it be account payee?
what is the reason for balance sheet not getting tallyed
what do you mean indirect expanse in trading business?
what are the suggestions to control NPA in rural areas?
income from depreciated asset is profit or loss?