Answer / lavsingh

What Does Bank Reconciliation Statement Mean?
A form that allows individuals to compare their personal
bank account records to the bank's records of the
individual's account balance in order to uncover any
possible discrepancies. Investopedia explains Bank
Reconciliation Statement
Since there are timing differences between when data is
entered in the banks systems and when data is entered in
the individual's system, there is sometimes a normal
discrepancy between account balances. The goal of
reconciliation is to determine if the discrepancy is due to
error rather than timing.

Labour charge 100000  deduction tds 5%

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what is come first debit or credit? means in the bussiness debit comes first or credit

4 Answers   Ernst Young,

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What is difference between provisional and projected balance Sheet

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If i have to sell the existing Business of Mine, What are the calculation for this ??

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What is meant by Deferred Asset?

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what is the difference between back order and partial shipments?

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Explain the Realisation concept and Accounting concept? why do you prepare p/l appropriation account? 4 difference b/w public and private caompany? How do you calculated closing stock in tradind a/c? Contents an invoice receipt? classification of Error as per accounting? Diff btwn Satutory audit & Internal audit? Diff b/w reserves for bad debts and provision for bad debts? Where the Bank book and the Cash book will not reconcile? When will the Cash book have a credit balance?

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how to pass the journal entry for tds dedcted on commission receivable

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The following figures relate to the trading activities of M/s ABC Traders Ltd for the year ending 31 March 2004. Particulars Amount (Rs) Sales 5,20,000 Opening stock 76,250 Purchases 3,22,250 Closing stock 98,500 Sales return 20,000 Selling and Distribution Expenses Salaries 15,300 Advertising 4,700 Travelling 2,000 Administrative Expenses Salaries 27,000 Rent 2,700 Stationery 2,500 Depreciation 9,300 Other charges 16,500 Provision for tax 4,000 Non Operating Income Dividend on shares 9,000 Profit on sales of shares 3,000 Non Operating Expenses Loss on sale of fixed asset 4,000 You are required to: (i) Arrange the above figures in a form suitable for analysis. (ii) Show separately the following ratios. Net profit ratio Operating ratio Stock turnover ratio

1 Answers   Candico,

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A sold a product for 20% profit to B, B sold for 10 % loss for 230. 1, What is sale price of A 2, if A have sold for 500 what is profit % Please explain step by step.

3 Answers   Ernst Young,

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how to calculate process account under fifo and weighte average method in eqivalent production.

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What are bills receivable?

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