Answer Posted / rupesh
because find out the proper debit balance & credit balance n
prepare a balancesheet
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Explain me is any difference between inactive and dormant accounts?
What is accounting ethics?
What is Statory Books ?
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
Tell me in which account does the unpresented cheque will get recorded?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
Case Study: Deepak Hand tools Private Limited 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 return 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.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing 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 annual 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 installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
What entry to be passed for Duty draw back as receivable
What is reversing journal entries?
How to make deductions of the employees from salary against the loan in AP module oracle R12
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
Mention the types of ledgers?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
what is one way , two way matching , three way , four way matching ?
What is good accounts Process & Execution capabilities?