Answer Posted / shalini.mann
it depend upon what in4mation is provided bt still m giving
u the ans According to ma point of
in trading a/c
opening+purchases+direct exp+sales return-purchase return -
sales = closing stock
| Is This Answer Correct ? | 17 Yes | 13 No |
Post New Answer View All Answers
how to prepare mba finance for interview questions
Short Answer on ________Ad-Valorem Duties
What is the accounting treatment for finance lease in lessee's viewpoint?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Why does one need a broker?
what is the meaning of Processing Vendor/Employee payments
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?
What are the question asked for accounts associate
please provide wct retun guide line how can prepaire that
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
My BASIC Salary is 18,000
Please share different type of Z report
what is the difference between planned and non planned budgt
what is accounting in automobile