Answer Posted / dhanesh deshpande

@ There are three basic rules in Accounting.
# Personal Account
--- Dr the receiver and Cr. the Giver
# Impersonal Account
* Real A/c.
--- Dr. What comes in and Credit what goes out
* Nominal A/c.
--- Dr. All Expness & losses and Cr. all Income and
gaines

@what is portfolio management-
The art and science of making decisions about investment
mix and policy, matching investments to objectives, asset
allocation for individuals and institutions, and balancing
risk against performance.

1. To earn a positive return (=yield) on their capital.

2. To insure his investments against risks (=to hedge).
3. To receive information identical to the that of ALL
other investors - complete, accurate and timely and to form
independent judgement based on this information.

4.To alternate between investments - or be compensated for
diminished liquidity.
5. To study how to carefully and rationally manage his
portfolio of investments.

6.To compete on equal terms for the allocation of resources.
7. To assume that the market is efficient and fair.

What is the Technology used to carry out trades?

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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.

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What is money measurement concept

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How to maintain Purchase Orders ? Please explain by proper format.

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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK

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What is the definition of LOSS. Give the formula if any.

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AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

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WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

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explain sales/purchase accounting?

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what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

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What are the duties of sales tax department? Explain it

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Explain significance of Nastro and Vastro in accounts?

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Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

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Is commodities transaction tax a permissible business expenditure? Explain

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