Answer / radha

Effective management of busines requires control over
expencses to reduce the cost of operation and to make the
business profitable. Liabilities of a business have to be
repaid in due time. All this brings the need f accounting
in a business environment.

Give ONE reason for Balance Sheet to be out of balance

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what is entry of depreciation in journal

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What are the reasons which cause pass book of the bank and your bank book not tally?

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Explain me where a cash discount should be recorded in journal entry?

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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.

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

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journal entries

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what is vendor setup?why it is required in accounts payable process?

1 Answers   Cap Gemini,

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What account payable entry

6 Answers   Cognizant,

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how we enter insurance claim entry in tally

4 Answers   Unibiz,

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can you give me debit n credit rules

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what is difference between company and firm

1 Answers  

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