What are the 3 Basic Rules in Accounting.
Answer Posted / wampula felix
1 When capital increases it is credited
2 When liability increases it is credited
3 When asset increases it is debited
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
How do you avoid loss situation
what do Loan Loss Coverage Ratio mens describe it with examples?
what are the content of purchase order?
Short Answer on _______Appropriation
Why you want to leave your present job while they offer you with good offer?
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
EXPAND___________NBFCS
WhatIs the limit of duty exemption in smal scale industries.
what are Blue-Chip companies?
Expand--------AA
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
what are the suggestions to control NPA in rural areas?
how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax
what is Ratio Analysis ?