Interested to Buy Any Domain ? << Click Here >> for more details...
what is the adjusting entry for wages posted twice?
- 2 Answers
- 10148 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / abhishek jain
The entry would be:
Correct entry:
Dr. wages outsanding
cr. p/l a/c.(wages a/c)
Wrong entry:
dr.p/l a/c (wages a/c)
cr. wages o/s a/c
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Expand--------TAO
would gross expenditure vouch the correctness or otherwise of the given expenses?
WHAT IS B.E.P. CHART
whst is detailed information aboutaccounting standards 20to 29
Hi friends ineed finacial analyst interview question Pls share it
Straight line method to using Indian company names
What is a bad credit score?
why are you selecting for the profitbulity analysis costing based& active based
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
what is purchase consideration? How does it come about and how is it treated in the books?
How does the ration analysis help in depicting profit and loss
A----------involves transfer of money or moneys worth from one person to another
how will i develop my fears in interviewd?
EXPAND___________NBFCS
What exactly balance sheet depicts
