Explore topic-wise InterviewSolutions in .

ANSWER:

BUNNY COM's McMurray ran bumps DIM

I am ATTACHING the PIC of the A/c.

Capital employed, also known as funds employed, is the TOTAL amount ofcapital used for the acquisition of profits. It is the value of all the assetsemployed in a business, and can be CALCULATED by adding fixed assets to WORKING capital or by SUBTRACTING CURRENT liabilities from total assets.

It is the RECORDING of all COSTS gained in the business in the way that can be USED to IMPROVE its management

Ookk
so what we can do

cash a/c DR.  3000

 To JAIDEV a/c       3000

Dr Side of Cash a/c

Cr Side of Jaidev a/c

in T/B Closing Balances Of Cash And Jaidev will COME

Suresh AC DR

To sales AC

T/ B

CR SIDE

HEY...

GO TO WEBSITE :-

ACCOUNTING COACH + WHAT ARE DEDUCTION ALLOWED UNDER PRESUMPTIVE SPECULATIVE METHOD.

MAYBE IT HELPS YOU

This ANSWER of a QUESTION

We write it as commission RECEIVED in advance as a LIABILITY in the BALANCE sheet as 1200

HEY...

GO TO WEBSITE :-

SLIDESHARE + IMPORTANCE OF SINGLE ENTRY SYSTEM

MAYBE IT HELPS YOU

The ANSWER is 30000-3600 =26400 I HOPE it is HELPFUL for U

Dual ACCOUNT SYSTEM, double entry system, CASH accounting

20000+118000+22000-30000=130000

I THINK it is LOSS ACCOUNT

Interest receivable means that interest which we earned but not received TILL now.

It is also called Accrued Interest

It is add in the interest on the CREDIT side of profit &loss a\c because it is an INCOME for us and it is shown on the asset side of the balance sheet bcoz it is an asset for us

I hope you understand

HEY...


U R ANSWER

→ BANK CHARGES AC DR
BANK AC DR
TO BANK AC CR.
TO INTEREST AC CR

MAYBE IT HELPS YOU.
..

It's all RIGHT noans

Mr.rana a/c DR. 28000
to DHONI a/c 28000

Common mistakes that students make and tips on attempting the Accountancy exams:
☆ Be well-versed with the basics of accounting such as — a) Rules of debit and credit i.e; both modern and traditional APPROACH. B) Journal entries, ledger posting and debit and credit balances.

☆As a part of your preparations, do the following: a) Latest CBSE sample papers (available on CBSE’s website) b) Previous years’ CBSE question papers for 2008 & 2009. c) Pre-board question papers of at least five other reputed schools. These papers must be DONE in examination conditions within a time limit of three hours. Students should get them evaluated and analyse their mistakes. Weak topics and concepts must be revised thoroughly.

☆Learn and draw FORMATS of various accounts and statements with proper headings. Use scale to improve your presentation.

☆Give narrations with journal entries, show your work notes clearly with appropriate statements, do your calculations in a separate rough column or on the last one or two pages of the answer-sheet.

☆Always do a numerical question from a fresh page, try to complete an account/ statement on a single page.

☆Always WEAR a watch to keep track of time so as to finish the paper well in time and do a quick revision before the exam ends.

The DIFFERENT approaches for MEASUREMENT of national INCOME are megastructure ,MANAGEMENT, locksm

18. the CO. will write off depn of amt. 7500 [50000*20%*9m/12m]

   with journal entry of

       Depreciation a/c   DR.    7500

           To Truck a/c                        7500

GUPTA a/c Dr.     16800

  To Sales a/c                15000

  To IGST PAYABLE a/c    1800

Cash a/c  Dr.    8400

 To Gupta a/c           8400

Cash a/c Dr.     8400

 To Gupta a/c           8400

Note: Cash discount won't apply as full  payment is after 14 days

Let total amount of taxable income is =100: Say income tax rate at x%, Then, income tax amount =x=x: Net income =(100−x).

Since increase in income tax amount = decrease in net income from salary.

Therefore, we have : 16%x 16% of XX =2%=2% of (100−x)(100−x): 16x=100−x25x=100x=424x=100−x25x=100x=4.

Answer is 4 %:

What is income tax ?An income tax is a tax levied by central  GOVERNMENTS .It is impose on financial income generated by all persons who have income within their jurisdiction.

As per Income tax law,  businesses and individuals MUST file an income tax return every year to determine whether they have contributed tax oe get tax return from GOVERNMENT.

.....................

LEGAL CHARGES

AND RAW MATERIAL PURCHASE.

Since Martin FILED a timely return on APRIL 15. Martin inadvertently omitted income that AMOUNTED to 30% of his gross income stated on the return. The statute of limitations for martin's return would end after 7 years 2 months

The reduced cost base of a CGT asset has the same five elements at the cost base except for the THIRD element money or PROPERTY given for the asset incidental cost of a ACQUIRING the CGT asset or the RELATED to the cgt EVENT

It's SOMETHING LIKE your PERFECT TIME to do STUFF

The recording of all the costs incurred in a BUSINESS in a WAY that can be used to IMPROVE its MANAGEMENT

The present value of an ANNUITY REPRESENTS the sum that must be invested now to guarantee a DESIRED PAYMENT in the future, while the future value of an annuity is the amount to which current investments will GROW over time.

Financial management GIVES an overall picture of PROFIT or loss and COSTING provides DETAILED product-wise analysis. ... With the help of financial statements, we analyze the profitability and financial position of a company. Cost accounting is used to CALCULATE cost of the product and also helpful in controlling cost.

Positive cash flow INDICATES that a company's liquid assets are increasing, ENABLING it to settle debts, reinvest in its business, RETURN money to shareholders, pay EXPENSES and provide a buffer against future financial challenges.

A SUSPENSE account is an account in the general ledgerin which amounts are temporarily recorded. The suspense account is USED because the proper account could not be determined at the time that the transaction was recorded.

When the proper account is determined, the amount will be moved from the suspense account to the proper account.


Example #1: RECEIVING a partial PAYMENT

You receive a partial payment of $50 from a customer.

Open a suspense account. Credit $50 to the suspense account. Debit the CASH account for the same amount.

AccountDebitCreditSuspense Account50Cash50

When you receive the full payment from the customer, debit $50 to the suspense account. Also, credit accounts receivable for the same amount. This closes the suspense account and moves the payment to the correct account.

AccountDebitCreditSuspense Account50Accounts Receivable50

HEY

I AM ATTACHED U R ANSWER


SEE IT

MAYBE IT HELPS YOU.

You MAY show some cash SALES or show some advances taken from OUTSIDERS.

Revenue is the AMOUNT of money that a COMPANY ACTUALLY receives during a specific PERIOD, including discounts and deductions for returned merchandise. 

HIII....

BUDDYY....

IF U WANT BIG ON THIS TOPIC....

U SHOULD B GO TO WEBSITE .....

SLIDSHARE + TYPES OF BANK DOCUMENT....

HOPE IT HELPING 4 U.........

Relevant cash flows can be examined in EITHER a written or calculation FORMAT. It is also important that candidates can IDENTIFY relevant cash flows in order to be able to use them in the context of investment appraisals, for example net present VALUE calculations. Finally, relevant cash flows are not just an important part of the syllabus for PAPER FFM as they can also be examined in later studies, for example Paper F9.

Ratio of NET income to no. of EQUITY SHARES known as Earnings PAR share

HEY ...

GO TO WEBSITE

SLIDESHARE+ NEED AND IMPORTANCE OF DISSOLUTION OF PARTNERSHIP

MAYBE IT HELPS YOU