Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 3 Answers
- 6065 Views
- I also Faced
- E-Mail Answers
Answer Posted / vadeendra
Depreciation A/c dr 30,000
to plant and machinery A/c 30,000
Accrued intrest A/c dr 15,000
to income A/c 15,000
Prepaid insurance A/c dr 10,000
to Expenses A/c 10,000
Drawings A/c dr 5000
to cash A/c 5,000
Drawings A/c dr 2000
to purchases A/c 2,000
Minimum members required to form a public company is 7 and
private company is 2.
current ratio = current assets/current liabilities
net profit ratio = (net profit after tax/net sales) *100
gross profit ratio = (gross profit/net sales) *100
debt service coverage ratio =
(profit before income and tax)/{Intrest+(principal
payment intrest) /(1 - tax rate)
I hope there is no ratio like sales turnover because turn
over ratios can be calculated on net sales only. if there is
any thing like that please let me know.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
What is the difference between trial balance and general ledger?
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
Explain the meaning of long-term notes payable is or long term liabilities?
Tell me where do generally accruals appear on the balance sheet?
How does Cheques work while processing it in SAP? What are the effects and the methods.
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
What is the abbreviation for the accounting terms debit and credit?
Tell us do you possess any knowledge about accounting standards?
how to finalised the Balance sheet & profit & loss A/C
What is the entry for provision?
In accounting, vat abbreviates what?
How can you do credit control?
Do you have any professional experience in this field?
