Answer Posted / raunak bhadani

as owner and business is distinct entity and capital is
been invested by the owner for the business, so its the
responsibility of business to return back the capital to
there owner,so,its liability for the business.

Is depreciation a expense or income?

1653

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whts is the meaning of over cost and under cost, what is difference ?

11861

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Exapnd--------RAN

2191

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How many types we are received funds in business purpose

2350

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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2254

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What are the general Ledgers?

1894

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EXPAND_________SEAMEC

1976

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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance

2564

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Telly ERP9 is perfect accounting softwear in excise unit.

3710

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Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry

1876

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What type of questions in accouting point of respect they ask genrally plz help me find out this.

1984

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what are the accounting ratios

2390

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Is commodities transaction tax a permissible business expenditure? Explain

2169

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What is revaluation of assets.when it occurs

2167

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Expand--------AA

2095

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