out standing salaries goes to whiich A/C I mean personal(or)
real(or)nominal a/c
Answer Posted / vinayak
nominal a/c. b'coze it is expenses allexp. & profit com
under nominal a/c
| Is This Answer Correct ? | 0 Yes | 4 No |
Post New Answer View All Answers
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 .
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.
Expand-------NSAC
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?
Expand DPCO
diffrence between the profit center and business area
What is the Accounts Payable & Accounts Receivable ?
how Mis reports are used?n why it is used ? explain
What is meant by advance ruling? What is the scheme of advance rulings?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
How can a shopkeeper maintain the daily data in tally
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.