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wht is overdrafting and where we have to shown.
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Answer / omer khan
overdrafting means directing a banker to pay the amount
which is more than the amount available in the bank account
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sony joy
overdrafting is the process of taking loan from bank for
conducting business. and it is shown as the liability in the
balance sheet
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / moti
While you see bank statment it shows dr.balence that means
bank will collect money from you.in other word you spend
more money in respect to bank balence
| Is This Answer Correct ? | 2 Yes | 0 No |
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(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
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