Interested to Buy Any Domain ? << Click Here >> for more details...
The trial balance cheks:
1)Arithmetical mistake
2)honesty of the book keeper
3) valuation of the closing stock
4) nature of the business
- 3 Answers
- 5602 Views
- I also Faced
- E-Mail Answers
Answer Posted / kavita kotian
valuation of the closing stock
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
what is ment by suspence account and dummy account
Define fictitious assets?
How to post salary advance transfer from one branch to another branch ?
under which ledger should i make opening work in progess and closing work in progress
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
Explain the concept of responsibility accounting
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
what is the procedure to appoint an Austrlian citzen as indian company director...
How to pass the entry in tally for demolished of building?
professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
