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journelising the following?
dpereciation of plant & machinery rs 30000/-
interest accrued but not received Rs 15000/-
prepaid insurance Rs 10000/-
drawings of cash Rs 5000/-
withdrew goods for personnel use Rs 2000/-
what is cost centre?
How do you verify the correctness of material control
system?
How many directors are required at a minium for Private ltd
and public ltd companies?
How do you compute the following ratios?
current ratio
net profit ratio
gross profit ratio
debt service coverage ratio
sales turnover ratio

Answer Posted / jubeda

Depreciation a/c dr 30,000
To plant& machinery a/c 30000

profit & loss a/c dr. 15000
To interest accrued 15000

prepaid insurance a/c dr. 10000
To profit &loss a/c 10000


drawings a/c dr. 5000
To cash a/c 5000


drawings a/c dr. 2000
To goods a/c 2000

Is This Answer Correct ?    2 Yes 7 No



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