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Difference between provision & reserve with an example?
IHG InterContinental Hotels Group, Mount Kenya University, OPI Global,
3 Taxation 11800Calculate debtors at the end of the year? debtors-50000, bad debts-2000, discount allowed-1000, 5% on bad debt, 2% discount allowed?
Taxation 2150What are the Different heads of income tax act 1961? tax rate on companies according to current budget?
6 Taxation 13149Journalise the following Entries? Outstanding salary of rs. 20000/- Prepaid insurance of rs. 5000/-
13 Taxation 27961What are the items are the purpose of calculating taxable? - Excise duty - Fine & penalty - Loss on sale fixed assets - Depreciation on fixed assets
3 Taxation 8743
Question { 3742 }
Short Answer on_____________Current Liabilities
Answer
with in the next accounting period usually a year or
already due are called current liablities.
Ex: Sundry creditors, bills payable, short term bank
overdraft etc.
| Is This Answer Correct ? | 3 Yes | 1 No |
Question { 4676 }
Short Answer on -----Working capital
Answer
over after you subtract current liabilitiesfrom current
assets.
Current assets - Current liabilities = Working capital
Working capital is the amount of money the enterprisehas to
work with in the short term.
| Is This Answer Correct ? | 4 Yes | 0 No |
Question { 5895 }
Short Answer on _________Gross profit
Answer
product manufacturing costs( cost of good sold) are taken
out.
Sales - Cost of good sold = Gros profit
| Is This Answer Correct ? | 6 Yes | 0 No |
Question { OPI Global, 15261 }
What is MAT stands for?
Answer
| Is This Answer Correct ? | 28 Yes | 4 No |
Question { OPI Global, 27961 }
Journalise the following Entries?
Outstanding salary of rs. 20000/-
Prepaid insurance of rs. 5000/-
Answer
to outstanding a/c 20000
Prepaid insurance a/c dr. 5000
to insurance a/c 5000
| Is This Answer Correct ? | 73 Yes | 7 No |
