Answer Posted / simar

Bank a\c dr 2000
To discount received a\c 2000

Cheque has been dishonured that's why payment entry will
not be passed.

Define balancing in accounting?

943

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can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

2021

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Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1071

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Explain different branches of accounting?

1271

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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.

2269

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suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.

2281

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how we can calculate sundry debtors and crditors a/c?show some examples

5446

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what is the meaning of banking

2153

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whether bills of exchnge can come under the category of reserves and surplus

1884

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How familiar are you with crm?

1117

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Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

1157

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Tell me in which account does the unpresented cheque will get recorded?

1048

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Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

1787

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List out some of the examples for liability accounts?

980

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What does the abbreviation m mean in accounting?

1111

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