Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ravikumar77
Golden Rules of Accounting..
Personal a/c
Debit the receiver
credit the giver
Real A/c
Debit what comes in
Credit what goes out
Nominal A/C
Debit all Expenses and Loss
Credit all Incomes and gain
| Is This Answer Correct ? | 78 Yes | 1 No |
Post New Answer View All Answers
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Tell me what is public accounting?
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
What was your average accounts receivable days outstanding/days sales outstanding?
What does the abbreviation m mean in accounting?
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
why creditors a/c dr. to discount received a/c ?
what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?
What is accrual accounting?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
What is accounting transaction?
Tell me in which account does the unpresented cheque will get recorded?
Do you know executive accounting?
How the Depreciation will calculate in Company?
