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What is capital?
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Answer / mohd irfan khan
in simple capital means property or material or things of
the business. capital is the amount invested in the
business for acquiring assets to run business
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / hum3057@yahoo.com
Cash or Goods used to generate income either by investing
in a business or different income property.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / manvi
The amount of money contributed or invested by the
proprietor himself in the business to enable him to run the
business is called capital.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / abdullah amer
Capital is the amount invested by the owner in the business.
capital can be invested in the form of cash or kind.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / venu gopal joshi
Capital is the amount which is invested by the owener to
start or run the business
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / manu
cash or goods contributed for starting a business by the
propritor.capital is the life blood of every business.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / dora
if any business started initial amount is the very
important. that money is receive from equity and preference
and debt . without capital any business is not running must
and should be capital is the very imp. that amount used in
fixed cost in initial stage .
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / hemanshu
ITS A CONTRIBUTION FROM OWNERS / PARTNERS /DIRECOTRS FORM
HIS POCKET TO GENRATE THE REVENUE FROM FIRM/CO.
| Is This Answer Correct ? | 0 Yes | 1 No |
A Vat account debit balance reported in the year end trail balance would represent?
Where we post the Amalgamation of goodwill
1. During the current period, ABC Ltd sold 60,000 units of product at Rs. 30 per unit. At the beginning for the period, there were 10,000 units in inventory and ABC Ltd manufactured 50,000 units during the period. The manufacturing costs and selling and administrative expenses were as follows: Total cost Number of units Unit cost Rs. Rs. Beginning inventory: Direct materials 67,000 10,000 6.70 Direct labour 1,55,000 10,000 15.50 Variable factory overhead 18,000 10,000 1.80 Fixed factory overhead 20,000 10,000 2.00 Total 2,60,000 26.00 Current period costs: Direct materials 3,50,000 50,000 7.00 Direct labour 8,10,000 50,000 16.20 Variable factory overhead 90,000 50,000 1.80 Fixed factory overhead 1,00,000 50,000 2.00 Total 13,50,000 27.00 Selling and administrative expenses: Variable 65,000 Fixed 45,000 Total 1,10,000 Instructions: 1. Prepare an income statement based on the variable costing concept. 2. Prepare an income statement based on the absorption costing concept. 3. Give the reason for the difference in the amount of income from operations in 1 and 2.
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We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
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Audit 
