Answer / subbaraju

Rs 40 Lakhs

What is RTGS system and when it was formulated and who?

2 Answers  

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Kindly solve the following problem. Financial accounting. 1. Bheema does not maintain his book in the double entry system . His books showed following facts. Receipts for the year ended 31.12.2007 from sundry Debtors 17625.00 Cash sales 4125.00 paid by bheema (proprietor) 2500.00 total 24250.00 payments made for the year ended 31.02.2007 new machinery purchased 625.00 drawings 1500.00 wages 6725.00 salaries 1125.00 interestpaid 75.00 telephone 125.00 Rent 1200.00 lighting 475.00 sundry expenses 2125.00 sundry creditors 7625.00 total 21600.00 Assets and Liabilities As on 31.12.2006 As at 31.12.2007 sundry creditors 2525.00 2400.00 sundry Debtors 3750.00 6125.00 Bank 625.00 ? stock 6250.00 3125.00 plant 7500.00 7315.00 from the Above data , prepare TRADING A/C, PROFFIT & LOSS A/C for the year ended 31st december 2007 and the BALANCE SHEET as on on that date. Kindly solve the problem

3 Answers  

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expand C T O

2 Answers  

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Expand ACTO?

0 Answers  

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What is the difference between Receipt & Payment Account and Income & Expenditure Account?

9 Answers   Accounting, Barclays, ICICI, Tarasons Communications, TATA,

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Please answer the following question: "Your grandmother sends you a large check for your birthday, asking that you use the money to buy shares of stock in a company. She recommends that you review the company's financial statements before investing. What can a company's financial statements tell you about the investment potential of its stock?"

4 Answers  

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From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900

0 Answers  

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Difference between Oracle financial consultant and Oracle financial Implementation

1 Answers  

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Why Bank Reconciliation is required?Other reconciliation you do?

1 Answers   IBM,

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WHAT IS F& O SEGMENT?

2 Answers  

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I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?

0 Answers   GVK,

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Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material.

4 Answers  

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