Answer / muniyaraj m

Accounting Standards are the policy documents issued by the recognised expert accountancy body relating to various aspects of measurement, treatment and disclosure of accounting transactions and events.

net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.

3 Answers  

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1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.

1 Answers   Accounting,

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A business sold goods valued at R1000 excluding vat on credit to a customer. What would be the debit to the customers account if vat is 14% ?

1 Answers  

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sold some office equipment of rs 1,300 (proceeds beingreceived as rs 700 by cheque and balance in cash) and paid the cheque into his private bank . what will be the journal entry please give answer when you sure about it thanks

3 Answers   Genpact,

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Why closing stock are not shown in trial balance?

4 Answers   PSU,

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Difference between expenditure and expense?

6 Answers   Bhel, Shriram,

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What is invoice processing can u explain it?

0 Answers   Accenture,

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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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what is purchase consideration?

1 Answers  

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what is the value period of cheque?

12 Answers  

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what is the difference between a company balance sheet and that of a bank?

2 Answers  

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plot registration charges will comes under what group in tally erp9?

1 Answers  

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