If the company acquires equipment prior to incorporation what are the accounting entries?

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6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?

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Goods costing Rs.40000 was lost by fire but 3/4th of the claim was accepted by the insurance company

1 Answers  

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Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?

1 Answers  

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Briefly explain the difference between receipt & payment and income & expenditure account.

3 Answers  

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Tell us how can you define departmental accounting?

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real account means

9 Answers   Infosys,

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how to deduct tds on income from other sources with examples

0 Answers   Wipro,

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Hi all, can anybody help me with the mutual fund (AMC)accounting. I would like to know the accounting entries for subscriptions (premium/discount), redemptions (premium/discount), fund expenses, buying/selling securities by the fund and other fund management related accounting entries.

1 Answers  

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Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?

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what are the voucher entries for depreciation in tally and when?

0 Answers   Apple,

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WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.

0 Answers  

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