Answer Posted / kavitha

Deprecation A/c 3000
cash/Bank A/c 2000
To Computer A/c 5000

Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

1495

---

What are the advantages of computer accounting over paper accounting?

1029

---

If a prospective client kept presenting you with excuses not to buy, what would you do?

1205

---

is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1702

---

What are the different fields of accounting?

1092

---

entry for cash received from debtors

1637

---

journal entry for goods withdrawn for personal use

2304

---

The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.

1767

---

Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.

1871

---

what are cost accounting and its applications?

1156

---

while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies

2460

---

Discuss the consistency concept in accounting

1135

---

In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

1932

---

what's the mean by Imprest system? Please give me Replay on this no. 9885789716

1966

---

Explain under what type of account does the unearned revenues fall?

3989

---