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Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
what are the suggestions to control NPA in rural areas?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
what is the procedure of interview question in genpact
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why you want to join the banking and finance industry?
Example for extra ordinary expenditure?
Which entry we pass self entry like cash withdraw for ourself
What is revaluation of Accounts, how does it is accounted in business
outstanding expenses, prepaid or unexpired expenses
what do u mean by arrear basic or arrear hra?
What are Home Equity Loans ?
commisiion recieved journal entry and receipt required
