Answer / subbaraju

Loss

please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

0 Answers  

---

What is the Branch Accountant Responsbilities ?

0 Answers  

---

Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

0 Answers  

---

whatis meant by contigent liability

6 Answers   IQ,

---

what is contigent liability and state some examples also.

3 Answers  

---

How can Goods Received Note (GRN) be cancelled?

1 Answers  

---

1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?

0 Answers  

---

what is Calculation of Gross Profit Or Gross Loss?

0 Answers   EDS,

---

Expand-------NAC

0 Answers  

---

define current assets? asked on 30/7/09

8 Answers   FactSet Systems,

---

hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

0 Answers   Capital IQ,

---

sale of old computor Rs 7500/- was credited to sales account Rectify it

4 Answers   ACS,

---