Interested to Buy Any Domain ? << Click Here >> for more details...
What is the meaning of Trial Blance?
- 5 Answers
- 10839 Views
- Accenture, Amit Enterprises, Laposs Hardware, I also Faced
- E-Mail Answers
Answer Posted / rahul
A trail balance is a list of all the balances standing on
the ledger accounts and cash book of a concern at any given
date.The purpose of the trail balance is to establish
accuracy of the books of accounts.
| Is This Answer Correct ? | 22 Yes | 0 No |
Post New Answer View All Answers
Explain how you can adjust entries into account?
salary and rent entry with tds deduct
Tell me what is project implementation?
What is the basic accounting equation?
i want to know f form and how to use and how can purchase
How did you chose your university?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
What are the accounting events that are frequently involved in compound entries?
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
What is the definition of manual accounting?
what is the head for stock trnasfer
In which ways is math used in accounting
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
