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Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
1903Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
1823When the C-Form should be issued, Whether it is from the date of Invoice OR from the date of material received (Goods Receipt Date)
5 12087If We Are Purchase Any Service For Ex. Agency Charges From Creditors & Give Or Sale The Same To Debtors; Then How I Open Agency Charges Ledger? What Is The Grouping Of It? Is It Purchase A/c. Or Sales A/c.? And If Its Purchase A/c. Then How I Enter It In Debtors A/c. Or Should I Make Two Different Ledgers With Two Groupings Purchase One And Sales One?
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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
if journal approval flag is checked while defining set of books (sob) then all journals will necessarily require approval. Is this statement correct?
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
say something about your school
which name written in Tan application form Applicant is sole proprieter companies name or individual name?
Expand---------PSRT
state and explain THREE types of situation to which accounting concept might be applicable
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.
Difference between cash and merchantile system?
How to show Airticket Expense on Company's A/c as Company expense
which are company offering jobs in PORTFOLIO MANAGEMENT ?
what audit procedure i can do in the share capital account of a company and why it have been apply?
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
