What are Mortgage Payment Problems?
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WHAT IS THE PROCEDURE TO CLAIM SALES TAX FORMS(C'FORM)FROM CLOSED COMPANY
what is difference between income accrued and income receivable?
what is cost of goods sold?
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
what are important steps to take during the conversion of an accounting system?
2 Answers Cap Gemini, Franklin Templeton, Globix,
A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume (P/V) ratio of 40%, its current sales amount to A. Rs. 200 lakhs; B. Rs. 300 lakhs; C. Rs. 325 lakhs; D. None of the above.
Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
What is meaning of ficticious asset
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