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Answer:

I don't UNDERSTAND this LANGUAGE please WRITE english or HINDI

Answer:

LOSS on FURNITURE =5,500

after 5 yrs BALANCE on furniture = 7,500

Answer: 1st aspect: Cash COMES in

2nd aspect: INTEREST RECEIVED is an income

Explanation: JOURNAL entry:

Cash A/c Dr 4000

To interest received A/c 4000

Answer:

It recorded as Drawings on the credit SIDE. As this amout is taken for personal use.

Explanation:

The amout from the BUSINESS a/c have taken for personal use LIKE shoppping , rent of house etc things that not INCLUDES in business called personal.

Answer:

Science is the STUDY of the WORLD and how it works through collecting data using the SCIENTIFIC METHOD. Technology is the application of that scientific knowledge to create devices that solve problems and carry out tasks.

ELlOo...

PURCHASE A/c DR.

To RAM

Answer:

Purchase A/c Dr. :-

To CASH A/c

Explanation: As GOODS is purchased for cash. Goods COME in so it is termed as debit and the cash GOES out it is termed as credit.

Businesses keep track of INVENTORY through inventory systems. This lesson will FOCUS on one type of system - perpetual inventory system. It will define perpetual inventory system, EXAMINE its advantages and give an example. Financial ACCOUNTING: Homework HELP Resource / Business Courses.

Capital is LIABILITY because capital is INVESTED by the owners according to ENTITY concept capital is a one entity and the owneri s ANOTHER entity. so in this case owner should liable To the business. so that's why capital is liability

Hey Maggie
here is UR answer
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because the value of the assets that the business controls, is always equal to the value of the money the business owes to the business’ funders.

The business’ funders include external funders (i.e. BANKS and suppliers) and internal funders (i.e. investors/owners). Accounting calls external funders ‘liabilities’ and internal funders ‘equity’. So the value of what has been ENTRUSTED to the business by the funders is equal to the value of what is owed by the business to the funders.

This situation is then represented in the accounting equation:

Assets = Liabilities + Equity

Accounting simply RECOGNISES the reality that a new business starts with nothing and that everything that the business comes to possess (assets) after its creation, was provided by others and so is owed back to them.

I HOPE this will help
if it's wrong then report .
#Prem✌✴✌✴

The ASSETS which are TYPICALLY reported the CATEGORY called PROPERTY such as BUILDING plant and machinery

Many people have had such bad experiences with traditional supplements they have been put off and often try DIETARY measures such as ‘eating leafy greens’ which simply don’t work.”

However a breakthrough by scientists at Trinity College in Dublin could provide the answer. They have developed a new way of delivering iron which doubles absorption and is free from the unpleasant side effects which are common to existing iron supplements.

Three out of four women who take traditional iron tablets experience problems such as abdominal PAIN, nausea, constipation, diarrhoea and heartburn and two out of five women who have been advised to take oral iron supplements regularly skip DOSES because of side effects.

Unlike conventional iron supplements, which begin to break down in the stomach, where they cause oxidative stress and inflammation and trigger unpleasant gastric side effects, the new formulation, which has just been launched under the name ACTIVE Iron, packages iron into whey protein microspheres which pass through the stomach.

This ensures the iron in Active Iron is not released until it reaches the small intestine, where absorption takes place via a protein known as DMT-1 – divalent metal transporter 1 – which binds to the mineral and carries it through the gut wall and into the bloodstream. 

Heyaa, The journal ENTRY for this Transaction will be;

CARTAGE account ..dr. 300
To CASH account. 300
(Being cartage PAID)

Peachtree utilizes a perpetualinventory system in which merchandising businesses UPDATE their inventories forpurchase and sale of each ITEM. The inventory can be tracked USING one of THEFOLLOWING COSTING methods:

*FIFO – First In First Out

*LIFO – Last In First Out

The WORD Remit means to send back. Remit to MOSTLY used to express payment made to a person in EXCHANGE of a good or service.

Payments made to suppliers are called Remittances.

The word Ship to denotes sending of GOODS to a far away location by means of the water transport.

Example -

Rs 10,000 has been remitted to Rao and goods were SHIPPED to Hyderabad.

Traditional Banking vs E-BankingTraditional Banking vs E-Banking
Basis of Difference
Traditional Banking
Internet Banking
Presence
Banks exist PHYSICALLY for serving the customers,
Internet banks do not have physical presence as services are provided online.
Time
It consumes a lot of time as customers have to visit banks to carry out bank transactions like — checking bank balances, transferring money from one account to another.
It does not consume time as customers do not have to visit banks to check bank balances or to transfer money from one account to another. Customers can access their account readily from anywhere with a computer and internet access.
Accessibility
People have to visit banks only during the working hours.
Internet banking is available at any time and it provides 24 hours access.
Security
Traditional banking does not encounter e-security threats.
Online banking is the tempting target for hackers. Security is one of the problems faced by customers in accessing accounts throu h internet.
Finance Control
Customers who often travel abroad cannot PAY close attention and control of their finances.
Customers who often travel abroad can have greater control over their finances.
Expensive
Customers have to spend money for visiting banks.
Customers do not have to spend money for visiting banks. They can avoid bank CHARGES that may be charged for certain teller transactions or when they pay bills electronically — directly from their account to the merchant. It helps to save money on postal charges.
Cost
The cost INCURRED by traditional banks includes a lot of operating and fixed costs.
Such costs are eliminated as the banks do not have physical presence.
Customer Service
ln traditional banks, the employees and clerical staff of the bank can ATTEND only few customers at a time.
In online banking, the customers do not have to stand in queues to carry out certain bank transactions.
Contact
Customers can have face to face contact in traditional banking.
Customers c

Keywords: himachal pradesh essay, himachal pradesh tourism

Himachal Pradesh, pronounced is a state in the greater Punjab region of northern India It is spread over 21,495 sq mi (55,673 km²), and is bordered by the Indian states of Jammu and KASHMIR on the north, Punjab on the west and south-west, Haryana and Uttar Pradesh on the south, Uttarakhand on the south-east and by Tibet on the east. The literal meaning of Himachal Pradesh is Region of snowy mountains.

Himachal Pradesh was also known as Deva Bhumi (the land of the gods). The Aryan influence in the region dates back to the period before the Rigveda. After the Anglo Gorkha War, the British colonial government came into power. It was initially part of Punjab, except the Siba State of Punjab Hills which was under the rule of Maharaja Ranjit Singh until 1857 In 1950 Himachal was declared as a union territory but after the State of Himachal Pradesh Act 1971, Himachal emerged as the 18th state of the Indian Union. Himachal has MANY prestigious boarding schools. Hima means snow in Sanskrit. It was named by one of the great Sanskrit SCHOLARS of Himachal Pradesh, Acharya Diwakar Datt Sharma

Culture of himachal pradesh

Himachal was one of the few states that had remained largely untouched by external customs, largely due to its difficult terrain. With the technological advancements the state has changed very rapidly. It is a multireligional, multicultural as well as multilingual state like other Indian states. Some of the most commonly spoken languages includes Hindi, Punjabi, Pahari, Dogri, Mandialli Kangri, Gojri and Kinnauri.. The Hindu caste communities RESIDING in Himachal include the Brahmins, Rajputs, Gujjars, Gaddis, "Girth (choudhary)," Kannets (come under RAJPUTS), Rathis and Kolis.. There are also tribal population in the state which mainly comprise , Kinnars,Pangawals, Sulehria, and Lahaulis.

The state is well known for its handicrafts. The carpets, leather works, shawls, metalware, woodwork and paintings are worth appreciating. Pashmina shawl is one of the product which is highly in demand not only in Himachal but all over the country. Himachali caps are also famous art work of the people. Extreme cold winters of Himachal necessitated wool weaving. Nearly every household in Himachal owns a pit-loom. Wool is also considered as pure and is used as a ritual cloth. The well known woven object is the shawl, ranging from fine pashmina to the coarse desar. Kullu is famous for its shawls with STRIKING patterns and vibrant colours.

Local music and dance reflects the cultural identity of the state. Through their dance and music, they entreat their gods during local festivals and other special occasions. Apart from the fairs and festivals that are celebrated all over India, there are number of other fairs and festivals also that are of great significance to Himachal Pradesh. Shimla, the state capital is home to Asia's only natural Ice skating rink

Problems and SOLUTIONS involving an UNDERSTANDING of the fundamental accounting EQUATION and the INFLUENCE of accounting transactions on the equation in financial accounting.

International Convergence – the process within which the InternationalAccounting Standards Board (IASB) and NATIONAL Standard-Setters (NSS)are CONVERGING their RESPECTIVE financial reporting standards into oneglobal SET of ACCOUNTING regulations.

Hello!!

Comptroller and Auditor General (CAG) is the guardian or care-taker of the national purse. He is appointed by the President of India for a tenure of 6 years.

The role, function and duties of the Comptroller and Auditor General (CAG) are elaborated by an act of the Parliament passed in 1971.

The role and duties of the Comptroller and Auditor General are elaborated by an act of the Parliament passed in 1971. An amendment of this act in 1976 has relieved him from preparing the accounts of the government.

The Comptroller and Auditor General AUDIT the account of the union government and report to the President. The annual report relating to the accounts of the Central Government is submitted to the President. The President lay the report before both the Houses of the Parliament for consideration.It is the duty of the CAG to ensure that proper approval of the Parliament has been taken prior to spending the public money from the Consolidated Fund of India. He reports on all expenditures from the Consolidated Fund as WELL as from the CONTINGENCY Fund.He also audits and reports on the trade and manufacture by government departments. Accounts of Public Corporations are also audited by him.

The functioning of the Comptroller and Auditor General in India is exposed to several criticisms. In India the emphasis is almost EXCLUSIVELY on audit rather than on control of expenditures. In England, the government departments require authorization from the Comptroller. Thus whenever money is withdrawn for expenditure, the Comptroller is satisfied that there is legal authority for the expenditure. In India, the Comptroller and Auditor General COMES into the picture only at the audit stage i.e. after the expenditures have already been made. Some critics also question the wisdom of commenting on extravagance of the government by the Comptroller and Auditor General.



Hope u find it helpful.......

Hey Friend..... :-)

Here Is your answer

The drawings are USUALLY made by the partners at regular intervals. THUS, the INTEREST on drawings is calculated with reference to the time period involved. It can be worked out by any one of the FOLLOWING methods:

1. When dates of drawings are not given:

(i) Average period method: If the dates of drawings are not given, the interest on drawings is calculated on the average basis on the total amount of drawings made during the accounting period for half of the accounting period. It is based on the assumption that the amounts were drawn evenly through out the accounting year.

Formula: Interest on drawings = Total drawings × Rate/100 × 6/12

(ii) Average rate of interest method or when drawings are made irrespective of the time period: Sometimes the average rate of interest is given in the question, in such a case; it is assumed that the rate of interest is already half on the basis of 6 months. Thus, time will not be considered.

Formula: Interest on drawings = Total drawings × Average Rate/100

2. When dates of drawings are given:

(i) Product Method: When different amounts are withdrawn at different intervals, the interest will be calculated with the HELP of product method. In this each amount of drawings is multiplied with number of days/months (from the date of drawings to the date of final accounts) to find out the product and then products are totaled. Interest is calculated on total product at the rate of interest for one month or one day.

Formula: Interest on drawings = Total of Product × Rate/100 × 1/365 or 1/12

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I have not the BOOK of DR S C SHARMA

This is your ANSWER HOPE it HELPS you please MARK as brainlist

When the benefit is earned but not payment is CALLED OUTSTANDING experience POSTED in liability side of balance sheet and payment was made but not earned benefit for it, called prepaid EXPERIENCES, posted in assets side of balance sheet.

The ANSWER is continuos GROUPED FREQUENCY DISTRIBUTION.

8. A. OP capital + Profits during the YEAR - Drawings = CLOSING Capital.

THEREFORE Closing capital = 10K+5K-4k = 11k

Borrowings doesn't have any impact on capital.

B. Balance sheet formula is
Closing capital+Borrowings i.e Total liabilities = Total Assets

Closing capital = 15k+3k=18k
Add: Borrowings=2.5k
Total liabilities= 20.5k

Therefore total assets=20.5k

1) financial accounting is historical in nature: Net effect of transactions are recorded in financial accounting which has happened in past. 2) INCOMPLETE knowledge of cost:
From cost point of view, financial accounting is incomplete. In financial accounting, ACCOUNTANT  does not calculate each and every PRODUCT’s total cost. 3) absence of full disclosure of facts:

In financial accounting we RECORD only those activities and transactions which we can show or describe in MONEY. 4)no provision of cost control :
Financial accounting does not help business organization for controlling the cost. Because, there is no provision of controlling cost in it.

Under Loans & ADVANCES HEAD

Loans & Advances are under Current Assets head.

it becomes our asset because we give in ADVANCE but UTILISATION of asset is pending.

Unit COSTING or SINGLE costing........
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A) asset ( CASH ) and CAPITAL both INCREASE by 9000

b) no effect because asset inc ( securities ) and asset dec ( cash ) by same amount

c ) assest dec ( cash 3000) asset inc ( home 9000) loan inc ( 6000)

over all effect asset and liability inc by 6000

d ) asset and capital both inc by 300

e) no effect one asset ( car ) inc and another asset( cash) dec

f) asset and capital both inc by 2160

g ) asset dec ( cash 480) liability dec (loan300) capital dec (180

H) asset and capital both dec by 180

i) asset and capital both inc by 120

Hi friend,

Journal entry for this :-

Interest A/c-----------Dr.
To Bank A/c
( Being, interest CHARGED or collected by bank )

Explanation :-

Interest reveived or receivable is the AMOUNT that has been EARNED , but which has not yet been received. In views of golden rule , it can be classified in nominal A/c and it can AFFECTS two A/c ' Interest A/c' and 'BankA/c' . So , golden rule says all the expeses and losses are debited and all the gains and income credited.

So, this journal entry is appropiate...i hope it helps

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97800 MANY of the 3 YEARS


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