Answer Posted / radhika

Ok Mr.Satyaki send me the answer.

But I will give you the answer. If it is wrong please
correct me.

See outstanding amount may be Asset or Liability.

So, Closing entry would be:

Outstanding amt from the party may be closed by:
Bank A/c............. Dr.
Amount outstanding......... Cr.

Outstanding amt to the party may be closed by:
Amount outstanding...... Dr.
Bank / Cash A/c ......... cr.

distinguish between price rate and time rate?

2033

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Short Answer on _________Accounts Receivable

1881

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For what purpose ERS is used for?

2209

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Expand MNS

2167

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The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

1973

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Expand---------PSRT

1996

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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%.

2268

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Expand---------PDBC

1880

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impairment & Amortisation Means

1941

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What is the working formula for Inventory turnover

1970

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what is mean by traditional accounting ?

2376

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why do we charge the depreciation

1384

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What is Provision for expenses?

2205

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what is dieerence between capital cpapital structure

2329

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When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

2099

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