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Answer Posted / shobha
BANK RECONSILATION STATEMENT PREPARED TO RECONCILE THE
PASSBOOK&CASHBOOK
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where we use the convetion of conservatisam in real life??
what is mean by ledger
What do u mean by pass through expenses? give examples, how it will be accounted & billed?
Expand---------PDBC
What is finance lease
What is specific reserve
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
distinguish between price rate and time rate?
What is the definition of LOSS. Give the formula if any.
You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
paid two years rent N1200, bought Motor van for cash N3000
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
In what cases can Convertible bonds be considerred as derivatives?
