Answer Posted / swathi

Current account is to do commercial activites of a business
firm.but savings account is to make transctions of an
individual person.

Define The Term Journal And Explain The Present Day Use?

2372

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please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

2426

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How is the expenditure of developing a modified product treated?

1873

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is it necessasary to make a partnership deed

2922

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What is the Assets & Liabilities?

2328

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Expand---------NPTO

2018

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What is communicating

2021

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Expand--------AA

2152

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the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.

2071

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what is composition vat

2383

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what is accounting in automobile

2133

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Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry

2173

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how many schedules are there in accounting?

2220

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Example for extra ordinary expenditure?

2691

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What is the working formula for Inventory turnover

2022

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