What is mean by account receiveble and account payable how
it will goes to upto finalazation.and wher it will papper
in accounts books.and wher it well be apper in accounts
books can you tell for my accounts interview perpose.
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Answer / satyaki_raju@yahoo.com
I am a Tax Practitioner specilly prepared 6 sets of
question papres with answer books mainly basing on accounts
and finance. If needed seriously pl send your e-mail id
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Answer / dipesh
i need it please send it to me on dipeshdiw@yahoo.com
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Answer / jaikumar
i need it please send it to me on jai.thadhani@gmail.com
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Answer / suresh
AR (account receiveble) also called as Sundry Creditors are
your customers a/c in the Accounting system(the modern
accounting systems has this as a subsidiary ledger which is
part of the GL. It gives out all you invoices that has
beeing raised against your customers for good and services
provided to them. This is part of your Current Asset in the
Balance Sheet(when finalising the BS the Dr and Cr balances
of the AR has to be seperated and shown in the BS)
AP (account payable ) also called as Sundry Debtors are the
vendors from whome you have purchased goods and have to pay
them, it lists all the vendors from whom received bills for
payment. This is part of the BS and comes under Current
Liabilities(when finalising the BS the Dr and Cr balances
of the AP has to be seperated and shown in the BS)
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I am BSC(comp.sc) student & I want to give the interview for account assistant/executive. what preparation is required, please tell me.
machinery is assets or liabilities
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
Answered but misspelled pl correct HELPS US TO KNOW THE FINANCIAL POSITION OF THE BUSINESS (ANS.EEECNALABSHT)
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