Answer Posted / navnit kumar sinha

bank reconcilation is the part of accounting.because
without reconcilation we can not clear yours financial
statement.
hense we can said that bank reconcilation is
necessary to any firms.

Transfer nett profit of Rs 325000/- to Reserves and Surplus

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WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

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Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.

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Why do you want to work for us?

1921

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what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1897

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What is miscellaneous expense and when it is used

2114

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what type of questions are asking for fund administration???

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What do you think you do well?

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I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy

2135

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what is cc limit and what role accountant play to maintain it?

2169

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What is a Balance Sheet & Profit & Loss Account?

1956

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can u let me know how the bankers calculate interest on O.D.account

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Expand---------PDBC

1939

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hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.

2153

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What is the basic difference between pledge, hypothication and mortgage????

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