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Answer Posted / guduri
cotton corporation of India
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You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
what are the different causes for discrepencybetween the balance of cash book and pass book
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Which Exchange determine Foreign Exchange/Currency Rate?
what is the script forms standard text in fico
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
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Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
how to entry in tally for other person check received
Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry
what is Journal Entries?
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.
what did you mean by cash credit limit account ?
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define bank Draft
