Answer / viki

it is a system of book keeping where in both the aspect of
a transaction are recorded debit as well as credit.

Answer / javeed

where both the aspects of accounting are followed then it
is called double entry sysem
dual aspects r debit & credit

Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

0 Answers   Elevates Infosolution,

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Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it

0 Answers  

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why a fixed cost is said to be fixed?

7 Answers   HP,

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When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?

4 Answers  

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Journal Entries for Trade Discount, Cash Discount, Goodwill,

0 Answers   Thomson Reuters,

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In a organization what are comes under DEBIT side? Ex" all assets natural position is debit. like

3 Answers  

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Which Entries comes in Receipts & which entries in Payments,any payment & Income is received through cheque that entries will appear in it or we have to pass it in journal.

5 Answers  

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what is diffrance between preliminary Exp and Misc. exp

2 Answers  

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capital goods excise duty why are taken in 50 percent in firt finicial year and second next finicial year?

2 Answers   PWC,

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what type of questions are asking for fund administration???

0 Answers   HSBC,

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Expand ------AQIM

2 Answers  

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Expand N D P

1 Answers  

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