Answer Posted / meenakshirani
These accounts are accounts of assets and properties, such
as building and Plant, machinary, cash, inventory etc.
Example: purchase a machinary with cash= 50000/-
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
What elements of your job do you find most difficult?
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
What is the general entry for charge on bank overdraft
Explain me what is important to effective market analysis?
What is aggregate Liabilities ?
how will decide that vender payment is ok without reco
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
is goods in transit will be liable for entry tax ?
if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
