In Proprietorship Accounting How Does The Entry Made Of Salary To XYZ When XYZ Become The Proprietor Of The company?

3 Answers  

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What are operating Costs?

7 Answers   Capital IQ,

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how the loss on sale of furniture will be entered in accounting books

4 Answers  

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Tell me the General entry for provision for bad debts?

19 Answers   Capita, JMD Group, JPMorgan Chase, LR, State Street,

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sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?

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DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

0 Answers  

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EXPAND______________IASB

2 Answers  

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accrued income

12 Answers   Genpact,

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What accounting records must a non-company charity keep, and for how long?

1 Answers   Accenture,

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Define Bill of Exchange

0 Answers  

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EXPAND___________KFCC

2 Answers  

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Expand ________FOR

0 Answers  

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