what is the difference between proforma invoice ,
commercial invoice and invoice
Answer Posted / ashok
Invoices are of 2 types : Proforma Invoice & Commercial
Invoice.
Normally, Proforma Invoice is prepared to get advance
payment from the customer before despatch of Materials.
On the other hand, Commercial Invoice is prepared after the
materials are despatched to the customer.
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
what are the disadvantages of back-flush accounting?
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
Explain in simple terms what is the difference between asset, equity, and liabilities?
How is the accounting for lease transactions done?
what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
Define overhead in terms of accounting?
What is an Automatic Payment Program ?
As you know any other accounting application?
how to caluclate tds from emloyees and others
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50
List out things that fall under intangible asset?
What is accounting & why it is used?
Do you think there is any difference between inactive and dormant accounts?