How will we know that this entry will go in this group in tally.

1 Answers  

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what is bank of america

1 Answers   Bank Of America,

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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.

3 Answers  

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What is the percentage rate of PF,ESI,PROFESSION TAX,SERVICE TAX,VAT,INCOME TAX in BANGALORE?

2 Answers  

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where will be effect the amount of depreciation in company final account? If it will effect in P&L A/c & Balance Sheet also than will amount be same in both sheet?

1 Answers  

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What you mean by blue chip companies?

3 Answers   Hindalco, ICSI,

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why opening stock posted in expences side in trading account

9 Answers  

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Why we do provisions?

3 Answers   TCS,

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How can i treat the tds in the Books of Deeductee. Example suppose my company recives an amount on Job work charges by giving tds to a deductor company. Then will i creat it under tax and liability ledger or other.

4 Answers   eClerx,

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Can we finalize Balance Sheet Without prepare Profit & Loss Account.

15 Answers  

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what is mean by tax holiday?

0 Answers   BCL,

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Treatment of Government grant and its utilization in P

0 Answers   Rajan Group,

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