Interested to Buy Any Domain ? << Click Here >> for more details...
what is the order in praparing the balance sheet, placing
of assets
- 3 Answers
- 11076 Views
- APGenco, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
A correction to my above answer - Over all arrangement of
assets is on importance or reverse liquidity - Fixed Assets,
Investments-Current Assets. Current Assets are arranged in
the order of liquidity & as such Cash on Hand appears first
followed by other assets.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / h.r. sreepada bhagi
Assets are arranged in the reverse or descending order of
liquidity. I.e the least liquid assets are listed first &
the most liquid assets follow down.
Exception are Deferred Revenue Expenditure, Pre-Operative
Expenditure, Preliminary Expenditure, etc. under
Miscellaneous Expenditure, to be charged off over a
reasonable period of time (More than one accounting period)
and Debit Balance in the Profit & Loss A/c (i.e. Carried
Forward Loss), since these are not real assets.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / mazahar
you can prepare a balance in vertical and horizontal way,
Asset = liability plus share holders equity
first arrange company assets in proper way
Current asset,
Cash
Bank
stock/inventory
supplies
short term investment
other current asset
Fixed Assets
Plant and Machinery
Land & Building
Furniture & Fixture
Vehicle
Long term Investment
other Fixed Asset
Patent,website, etc
| Is This Answer Correct ? | 0 Yes | 1 No |
If a company Purchased Cotton Waste.. it comes under which expense/ how to treat in account
Explain the Parameters required in the Setup of Financial Option and Payable Option
I had this interview in 09. The interviewer kept on asking this question. Why do you want to join JP Morgan chase? can any1 give me a good answer...???
2 Answers IBM, JPMorgan Chase,
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
What is the definition of accounting?
how will be the entry of outstanding salaries in receipt & payment account, income & expenditure & balance sheet
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
what is the t code for report of miro booking & fb60?
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
what is the meaning of networking capital
Audit 
