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Answer Posted / satya
QUICK ASSETS :NET ASSETS - INVENTORIES
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Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
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paid two years rent N1200, bought Motor van for cash N3000
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you went outside to purchase vegetagles, suddently big rain came then what you will do
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%).
How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?
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Can you explain about the distinction of Book-Keeping and Accounting
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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