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What is the PURPOSE of contra entry? The purpose of contra entry is to indicate that such entries do not require any posting in the LEDGER because contra entries are recorded on both the sides of the Cash Book.

Explain the MEANING of posting of journal entries? Posting is the process of entering in the ledger, the information given in the JOURNALS.

A sum of money lent at compound interest for 2 years a 20% PER annum would fetch Rs. 482 more , if the interest was payable than if it was payable annually.

In addition to this, the difference between the simple interest on a CERTAIN sum at the rate of 10% per annual rate.

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SLIDESHARE + BILL OF EXCHANGE + PRESENTATION.

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1. TRADING AC PREPARE IN FINAL AC.
2. IN WHICH RECORDS ALL DIRECT EXPENSES & LOSSES.
3. TRADING PROFIT IS PREPARE FOR CALCULATING ,
4. GROSS PROFIT OR GROSS LOSS OF THE BUSINESS.....

HOPE IT HELPING 4 U......

The narrator made up his mind that he would GET ranga married to RATNA he ACCOMPLISH the desire by giving BRIBE

The double column cash book (ALSO known as two column cash book) has two money columns on both DEBIT and CREDIT sides – one to record cash transactions and one to record bank transactions.

In other words, we can say that if we ADD a bank column to both sides of a single column cash book, it would become a double column cash book.

The cash column is used to record all cash transactions and works as a cash account whereas bank column is used to record all receipts and payments made by checks and works as a bank account.

Both the columns are totaled and balanced like a traditional T-account at the END of an appropriate period which is usually one month.

Internal rate of return (IRR) is the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or INVESTMENT equal zero.

Internal rate of return is used to evaluate the attractiveness of a project or investment. If the IRR of a new project exceeds a company’s required rate of return, that project is desirable. If IRR falls below the required rate of return, the project should be REJECTED.

3000 : 2500 : 2000

To find its ratio, bring those to it's reduced form.

3000 : 2500 : 2000

  30 : 25 : 20

    6 : 5 : 4

∴ Its ratio is 6 : 5 : 4.

Answer:

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Business and Corporate PlanningEstate Planning, Wills and TrustsBusiness and Fiduciary LitigationProbate, Estates and Inheritance

A SUBSIDIARY BOOK OF ACCOUNT IN WHICH ONLY ONE ASPECT OF EACH TRANSANCTION IS RECORD IS CALLED SINGLE ENTRY SYSTEM...

Difference Between Bill of EXCHANGE & Promissory Note :

1) Parties.

There are three parties to a bill of exchange, namely, the drawer, the drawee and the payee; while in a promissory note there are only two parties – maker and payee.

2) Nature of payment.

In a bill of exchange, there is an unconditional order to pay, while in a promissory note there is an unconditional promise to pay.

3) ACCEPTANCE.

A bill of exchange requires an acceptance of the drawee before it is presented for payment, while a promissory note does not require any acceptance since it is signed by the persons who is liable to pay.

4) Liability.

The liability of the maker of a promissory note is primary and absolute, while the liability of a drawer of bill of exchange is secondary and conditional. It is only when the drawee fails to pay that the drawer would be liable as a surety.

5) Notice of dishonor.

In case of dishonor of bill of exchange either due to non-payment or non-acceptance, notice must be given to all persons liable to pay. But in the case of a promissory note, notice of dishonor to the maker is not necessary.

6) Maker’s position.

The drawer of a bill of exchange stands in immediate relationship with the acceptor and not the payee. While in the case of a promissory note, the maker stands in immediate relationship with the payee.

7) Nature of acceptance.

A promissory note can never be conditional, while a bill of exchange can be accepted conditionally.

8) Copies.

A bill of exchange can be drawn in sets, but a promissory note cannot be drawn in sets.

9) PAYABLE to bearer.

A promissory note cannot be made payable to a bearer, while a bill of exchange can be so drawn provided it is not payable to bearer on demand.

10) Payable to maker.

In a promissory note, the maker cannot pay to himself. While in the case of a bill of exchange, the drawer and the payee may be ONE person.

A sum of money put at COMPOUND interest DOUBLES in 4 YEARS. it will take 8 years to be 4 times

A sum of money lent out at SIMPLE INTEREST amount to 2200 in 1 year and 2800in 4 years is 10% the 1ST one

A man INVEST equal sums at the rate of 10% per annum compound interest and simple interest respectively for 2 YEARS. the resultant ANSWER is 3580

IN DOUBLE ENTRY SYSTEM..
TWO PARTIES ARE INVOLVED.

1 → DEBIT

2→ CREDIT...

HOPE HELPING 4 U...

The PROVISION for doubtful DEBTS. The provision for doubtful debts is the estimated amount of BAD DEBT that will ARISE from accounts receivable that have been issued but not yet collected. It is identical to the allowance for doubtful accounts.

An AMOUNT of Rs. 4,000 is due for 2 YEAR and Rs. 6,000 for 4 year; he WANT to discharge his whole liability with SINGLE payment of Rs. 12,000. After 2 years, he would pay off this amount, if interest rate @ 6% p.a.

These are DRAWINGS.

when owner withdraw something from BUSINESS its CALLED drawings and when INVEST in the business its called capital...

To cash DEBITED in MACHINE A/c with AMOUNT of Rs. 80000

By cash credited in machine A/c with amount of Rs. 20000

Again to cash debited with Rs. 50000

Now again by cash credited with Rs. 5000

Hi mate..
here is ur answer.
Reseve capital means the money which is kept aside by the company from surplus profits and this money will be USED by the company for SPECIAL PURPOSES LIKE investment.
Capital reserve account is shown in balance sheet.
hope it helps u..

There are 5 sources STIPULATED under the income TAX act 1961. like salary, profit of business or profession, HOUSE property, capital gain & other sources.

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RENT AC DR
OS RENT AC DR
TOVM CASH AC..

Main aims and objectives are:

1. Increase of authorized capital, RAISING size of own capital.

2. EXPANSION of activity of the Bank by obtaining a LICENSE PROVIDING right to carry out transactions in foreign currencies and further entry into the deposit INSURANCE system.

3. Constant expansion of customer base with a priority on attracting small and micro-businesses.

4. Formation of a diversified and sustainable resource base.

5. Commencement and active development of cooperation with financial institutions and mortgage systems.

6. The increase in capitalization of the Bank.

GST=SGST+CGST
=100000×5%+100000×5%
=5000+5000
=10000

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SLIDESHARE + ALL TYPE OF DOCUMENTS RELATED TO Bank and OFFICE + PROJECT.

In maritime law,voyage is known as the TIME of a ship's transit from one place to another. A ship or vessel's voyage can be from one place to another, including the return TRIP depending on the circumstances. when applied to a ship, depends in any PARTICULAR case on the employment in which the ship is engaged.If someone tells you "bon voyage!" they mean have a good trip. Voyage means trip in French but in English, we use it to mean a long journey. Though voyage is usually used literally to mean a long and exciting journey or a trip that involves SAILING such as a cruise.

Question

Conclusion about source of documents REQUIRED for bank and office

In a conclusion manner , there are various documents which are the source of documents required by the bank and offices.

These documents jut as mentioned earlier includes.

• Bank statement
• Cash register tape
• Packing slip
• Supplier Invoice
• Pay slips
• TIME Card
• Credit Card Order
• Lock box Cash Images

In summary, the above documents acts as a accurate wy in which the recor in  banking system gets their information concerning the DAY TODAY activitie that takes place in the bank.

you are a sales manager of a company that deals in cosmetic- soaps, talcum POWDER, moisturizer , deodarant and face pack prepare a sales analysis in EXCEL worksheet and then BASED on the create a PRESENTATION highlighting the most profit able products of your company

* NEED AND IMPORTANCE OF PURCHASING POWER OF A CUSTOMER DUE TO DISCOUNT

Let us understand first the purchasing power of a customer

Purchasing power of a customer is a function of the budget of the customer and price level of the goods and services he wants to purchase.

Discount GIVEN on any goods and services reduces the price of the goods and services and thus increases the purchasing power of the customer

The PHENOMENON explains that as the price of the goods and services is getting reduced, consequently the purchasing power of the customer is also increasing.

E.g.: WHEN DISCOUNT IS NOT GIVEN

Mr Ram has Rs.2000 in his pocket. He is desired to buy Good 'X' worth Rs.500 and Good 'Y' worth Rs.400

Now if he wants to purchase 2 good X and 3 good Y

then it's quite not possible to purchase intended quantity considering his budget

as he can purchase maximum of 2 good X = 2xRs.500 = 1000

and maximum 2 good Y = 2xRs.400 = 800

Total expenditure = 1000+800 = 1800

now to purchase ONE more of good Y, he needs Rs.400 where he is left with only Rs.200 (RS2000 - Rs1800)

WHEN DISCOUNT IS GIVEN

Taking the same above example, if supplier of Mr.Ram provides discount of Rs. 70 on Good Y

then price of good Y would be = 300 - 70 = 210

So, now he can buy

2 Good X = 2xRs.500 = Rs.1000

3 Good Y = 3xRs.210 = Rs.630

Total expenditure = 1000+630 = Rs1630

Money left with Mr.Ram = Rs.370 (2000-1630)

Hence, we conclude that discount given by Supplier of Mr.Ram increases the purchasing power of Mr Ram in the form of reduced prices.

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Data Improves Banks' CUSTOMER Retention, PROFITS. A European bankused algorithms to increase its customer retention RATE by identifying the CUSTOMERS most likely to reduce their BUSINESS in the future.

When TWO or more individuals engage in ENTERPRISE as co-owners, the organization is known as a partnership. This form of organization is popular AMONG personal service ENTERPRISES, as well as in the legal and public accounting professions. The important FEATURES of and accounting procedures for partnerships are discussed and illustrated below.

BANK AC DR
TO. CASH AC..

HEY ...
WHY U ASKING THIS QUESTION.


REPEAT .....


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