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What is the entry for Salary for the month of March if the
books closed on 31-03. Before 31st March and after 31st
March?
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Answer Posted / satyaki_raju@yahoo.com
Mr Mukesh
Mr Alok patnaik
Why you are debiting P&L
Mr Abhisekh according to you salries payable will not be
closed,Unnecessarly Expenses payable will be shown in
assets side
Mr Sondarraj the question is very much clear why
unnecessarly taking other allowances reserve into light
Thinkwell before you answer.
In this context I would like to say one thing. I am atax
Practioner doing since 35 years. With a view to help and
encourage youth I composed 6 sets of papers based on
Accountancy and taxation.If interested please let me know
your e-mail
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(a) Rajesh Ltd. gives you the following information for the year ended 31st March, 2006: (i) Sales for the year Rs. 48, 00, 000. The Company sold goods for cash only. (ii) Cost of goods sold was 75% of sales. (iii) Closing inventory was higher than opening inventory by Rs.50,000. (iv) Trade creditors on 31.3.2006 exceed the outstanding on 31-3.2005 by Rs. 1, 00, 000. (v) Tax paid during the year amounts to Rs. 1, 50, 000. (vi) Amounts paid to Trade creditors during the year Rs. 35, 50, 000. (vii) Administrative and Selling expenses paid Rs. 3, 60, 000. (viii)One new machinery was acquired in December, 2005 for Rs. 6, 00, 000. (ix)Dividend paid during the year Rs. 1,20, 000. (x)Cash in hand and at Bank on 31.3.2006 Rs. 70, 000. (xi) Cash in hand and at Bank on 1. 4.2005 Rs. 50, 000. Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard. (b) Define the teen "Operating Activities", "Investment Activities" and "Financing Activities" as per NA S-3 Send me this question answer in my mail Address please help me to how solve the question ( deepakgaire@gmail.com) plese plese
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