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what is ledger
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Answer / manoj chandra sharma
ledger is the tabular form of a account in which the
opening blance (if any) shown and all subsequent
transaction are entered
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / surabhi gupta
Ledger is a separate representation of each & every account
and with the help of ledger we can find out what balance an
individual has.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / paritala
all similiar transcations are recorded at one particular is
called ledger
| Is This Answer Correct ? | 1 Yes | 0 No |
ledger is nothing but posting of journal entries according to each and every entry by creating seperate accounts for every transactions.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / praveen shetti
The book in which a traders all transactions are recorded in
a classified permanent form is called the ledger.
| Is This Answer Correct ? | 0 Yes | 0 No |
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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.
On January 20x2, the balances of ABC Ltd's provision of doubtful debt account was $1510. During the year, a total of 3750 of account recievable was written of as bad debts. The balance in the provision for doubtful debts account at 31st Dec was 1450. What is the total amount of bad debt recognised this year?
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Audit 
