Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / pramina dahiya
Basic Functions of Accounting are:
1. Recording/Book keeping
2. Classification
3. summarizing
4. Interpreting
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
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.
Short Answer on __________Trade
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam
What is payment/receipt/period accruals?
Short Answer on -----Trade mark
What is 100% EOu? what is the benifit and what is difficulty of it?
Short Answer on ________Accounts Payables
What are the benefits ofparticipation in a depository?
what are the important steps to take during the conversion of an accounting system.
What is the Technology used to carry out trades?
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.
distinguish between price rate and time rate?
What is PE ratio formula ?
What is the difference between payable and accrual
