Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / kishore kumar d
Transfer opening stock to trading account (traders) or Manufacturing account (manufacturers), since opening stock is not a running account.
Following entry is to be passed:
Trading A/c Dr XXX (Or)
Manufacturing A/c Dr XXX
To Opening Stock A/c XXX
| Is This Answer Correct ? | 2 Yes | 8 No |
Post New Answer View All Answers
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
bill to addres? ship to addres? rimit to address?
Who will be called as consignee
what is the difference between cash flow and funds flow
what is duties and responsibilities for clark working in sbi
Short Answer on -----Trade mark
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
why you choose accounting as your career ? ?
why funds management doc is generated during migo and miro
recently release the 6.0 version not succede in the market why?
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
can u let me know how the bankers calculate interest on O.D.account
Expand---------PDBC
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
