Interested to Buy Any Domain ? << Click Here >> for more details...
steps for finalisation of accounts and related entries
- 2 Answers
- 26862 Views
- I also Faced
- E-Mail Answers
Answer Posted / k.kishan
Preparation of Trailbalnance, Reconciliation of Stock
ledgers, Bank accounts, venders accounts, custemers
accounts, inter branches accounts, posting of JVs for
Provisions and Prepaid Expenses for the financial year and
Tax adjustment entries, than prepair final Trailbalance
sheet, than prepare Profit & Loss/Income & Expenses a/c,
Balance sheet on a particular date
| Is This Answer Correct ? | 62 Yes | 11 No |
Post New Answer View All Answers
how to calculate ESI,PF,PRO.TAX, INCOME TAX, VAT, T.D.S, EXCISE PLEASE SAY ANSWER IN DETAIL WITH PROPER UNDERSTANDING PLEASE SAY THROUGH WITH EXAMPLE
goods worth rupees 440 distributes free among the poor?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
What is quality discount?????//// pls mail ur answers at my e - mail ID : kamalsodhi24@gmail.com
2. A budgeted profit statement of a company working at 75% capacity is provided to you 2 below, Sales 9,000 units at Rs. 32 Rs. 2,88,000 Less: Direct materials Rs. 54,000 Direct wages 72,000 Production overhead: fixed 42,000 variable 18,000 1,86,000 Gross profit 1,02,000 Less: Administration, selling and distribution costs: fixed 36,000 varying with sales volume 27,000 63,000 Net profit 39,000 You are required to: (a) Calculate the breakeven point in units and in value. (b) It has been estimated that: (i) if the selling price per unit were reduced to Rs. 28, the increased demand would utilise 90% of the company's capacity without any additional advertising expenditure, and (ii) to attract sufficient demand to utilise full capacity would require a 15% reduction in the current selling price and a Rs. 5,000 special advertising campaign. You are required to present a statement showing the effect of the two alternatives compared with the original budget and to advise management which of the three possible plans ought to be adopted, i.e., the original budget plan or (i) above or (ii) above. (c) An independent market research study shows that by spending Rs. 15,000 on a special advertising campaign, the company could operate at full capacity and maintain the selling price at Rs. 32 per unit. You are required to: (i) Advise management whether this proposal should be adopted.
Is buy or sale trade will impact on Nov? Yes/No Please explain.
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
under which accounting rule prepaid salary?
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
how to calculate vat,pf,esi,service tax in corporate firm
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
what is the nature of profit and loss approprition account.which entity prepare this.
What is liabilities and what all does include in current liabilities?
what made you take up present subject/area of specialization and what would you define as your career objectives
