the selling price of a prouduct of vintex limited inclusive
of basic excise duty 16% and education cess 2% and SAH cess
1% is rs 3002. find the assessable unit of prouduct?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
are loose tools come under current assets ?
how to calculate the per unit cost of production
i take a loan of 500000 rs. From ICICI bank, after 6 months i paid all from SBI bank. How can i make jv entry?
Who is lance Armstrong ?
Hi I want to know what is Capital Work In Progress , how to calculate the Capital Work In progress.
How you can adjust entries into account?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
what do you mean by accrual & due ? What is the difference between Accrual & due?
What is general entry credit purchase with discount?
Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.
Tell me how can you explain the basic accounting equation?