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Answer Posted / kapil tyagi
first you make all nes. entry as
expen.payable ,reciableoffice exp direct and indirect expe
after that make trading account on base of balanse fo
respacted accounts.then make p&l base of Trading A/c.
and last you can Prepaer balance sheet at base of P&L
NOW YOU CAN KM=NOW THE POSITION OF COMPANY
| Is This Answer Correct ? | 16 Yes | 6 No |
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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%).
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sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
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