Answer Posted / suresh vadivel

Double Entry:

1. Ramana A/c. Dr. 15,000/-
To Dealerships A/c. 15000/-
( Being Income Booked)

2 Andra Bank Account Dr. 15,000/-
To Ramana Account 15,000/-
(Being cash deposited to andra bank )

or

Single Entry:

Andra Bank Account Dr. 15,000/-
To Dealership Account 15,000/-
( Being income directly booked)

what is duties and responsibilities for clark working in sbi

2196

---

What is the accounting treatment for finance lease in lessee's viewpoint?

2281

---

WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?

2156

---

what are the accounting ratios

2391

---

Explain about Fluctuating Capital

2558

---

cost accounting process

2001

---

outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1879

---

Comments Elements in accounting

1763

---

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

1884

---

can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

2364

---

please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

2394

---

What is Acquisition?

2418

---

How the sub ledgers(AP, AR) integrate with GL liability and receivable

1979

---

hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

2132

---

post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2603

---