Answer / sudha s

journal
salary ac dr
to salary payable

payment
salary payable ac
to esi employee contribution
to pf emplyee contribuion

employer contribution just payment made

Why t account is called as t account

1 Answers  

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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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we purchase one material from one party & sale it to other party but the product got problem so 1 st party give us a credit note now the question is how i pass jv in my co. account

1 Answers   Pragati Industries,

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Derivative

2 Answers   Bank Of America,

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What do you mean by depreciation?

14 Answers  

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what is Sundary Debtor and sundary creditor.

5 Answers  

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cheque deposit is a contra entry?

0 Answers  

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What is the entry for Accumulated Depreciation??

2 Answers   Genpact,

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How did you chose your university?

0 Answers  

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What are three sectors of Economy?

4 Answers   DMRC,

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how to enter ATM withdrawal transaction in tally

10 Answers  

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sir i want know how to fill vat return

0 Answers  

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