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what are the difference between common size and comparative balansheet ? explain.......... plz
what is share application money pending allotment?
I want a fully solved accountancy project which includes a balance sheet,comparative commonsize income statement and balance sheet and accounting ratios.
difference b/w inter firm and intra firm
Q) Calculate Closing Trade Receivables from the following information :
Cost of Revenue from Operations Rs 16,00,000
Gross Profit on Cost 25%
Cash Revenue from Operations 25% of Credit Revenue from Operations
Trade Receivables Turnover Ratio 5 times
Closing Trade Receivables were 1.5 times than that in the beginning .
what is uncalled liability on shares ..explain
`Financial statements reflect a combination of recorded facts, accounting conventions and personal judgments’ discuss.
What is money receive against share warrents?
is provision for dividend current liabilities or not? explain
bank OD will be shown under which head in bal. sheet?cash nd equivalents or curr. liabi.?
Prepare the format of balance sheet and explain the various elements of balance sheet.
Q) Calculate the amount of Opening Trade Receivables and the Closing Trade Receivables from the following particulars :
Cost of Revenue from Operations 9,00,000
Gross Profit on Revenue from Operations 25%
Cash Revenue from Operations 20% of credit revenue from operations
Trade Receivables Turnover Ratio 5 Times
Closing Trade Receivables were 3 times than that in the beginning .
1 What do you mean by liduidity oder of assets and liaibilities ? Explain with example.
1] under which type of activity will u classify 'Interest paid on long term borrowings ' while preparing the CFS?
2] State with reason whether 'Discount received on making payment to suppliers' would result innt inflow, outflow or no flow of cash.
also tell me dat if i had answered about the the type of activity and not the reason, how much marks i got?
3] explain how financial statements analysis ignore qualitative elements?
4] under what heads and sub-heads will the following items appear in the balance -sheet of a company as per revised schedule vi part of the companies act, 1956:
i) stores and spares
ii) proposed dividend
iii) computer software
what is the Major Head and sub-head of Preliminary Expenses?
when liability is classified as 'current' and when it is classified as 'non-current' ?
what is the major head and sub head of Preliminary expenses?ans fast
The Silver Ore Co. Ltd. was formed on April 1, 2005 with an authorised capital of Rs6,00,000 in shares of Rs 10 each. Of these 52,000 shares had been issued and subscribed but there were calls in arrear on 100 shares @ Rs 2.50. From the following trial balance as on March 31, 2006 prepare the trading and profit and loss account and the balance sheet:
Rs
Cash at Bank
1,05,500
Advertising
5,000
Share Capital
5,19,750
Cartage on Plant
1,800
Plant
40,000
Furniture and Buildings
20,900
Sale of Silver
1,79,500
Administrative Expenses
28,000
Mines
2,20,000
Repairs of Plant
900
Promotion Expenses
6,000
Coal and Oil
6,500
Interest of F.D. up to Dec.31,2005
3,900
Cash
530
Dividend on Investment
3,200
Investments-share of tin mines
80,000
Royalties Paid
10,000
Brokerage on above
1,000
Railway track and wagons
17,000
6% F.D. in Syndicate Bank
89,000
Wages of Mines
74,220
(i) Depreciate plant and railways by 10%; furniture and building by 5%; (ii) Write off a third of the promotion expenses; (iii) Value of silver ore on March 31, 1969 Rs 15,000, The directors forfeited on December 20, 1968, 100 shares on which only Rs 7.50 had been paid.
why is sale of scrap considered under 'revenue of operations' and not under 'other income'?
Format of preparing vertical profit loss and balance sheet as per T.S grewal and meritnation is different from NCERT Text book. Which method we should follow???
can u help me for new format of balancesheet introduced by cbse recently as per schedule vi to the companies act 1956
Prepare the format of income statement and explain its elements.
in income statement, purchase of stock in trade is the 2nd line item But wont change in inventories of finished goods work in progress and stock in trade(i.e., 3rd line item) already include the purchases of stock in trade?then wont it be double time counting?
in the supplymentary given my cbse... in illustrations (while solving) they wrote the format all over again, including items that were not present in the question..and in the value the put a "-". so are we suppose to follow the same trend or we can skip the stuff that are not present?
reba creations
reba had 4,oo,ooo of her own.borrowed 600000 from freind at 6%for two years on march 1,2008.
define perfect meaning for promissory note and cheque
Explain the process of preparing income statement and balance sheet.
E.g: 9876543210, 01112345678
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Syllabus
what are the difference between common size and comparative balansheet ? explain.......... plz
what is share application money pending allotment?
I want a fully solved accountancy project which includes a balance sheet,comparative commonsize income statement and balance sheet and accounting ratios.
difference b/w inter firm and intra firm
Q) Calculate Closing Trade Receivables from the following information :
Cost of Revenue from Operations Rs 16,00,000
Gross Profit on Cost 25%
Cash Revenue from Operations 25% of Credit Revenue from Operations
Trade Receivables Turnover Ratio 5 times
Closing Trade Receivables were 1.5 times than that in the beginning .
what is uncalled liability on shares ..explain
`Financial statements reflect a combination of recorded facts, accounting conventions and personal judgments’ discuss.
1.interest accrued and due on debentures
2.interest accrued but not due on debentures
What is money receive against share warrents?
is provision for dividend current liabilities or not? explain
bank OD will be shown under which head in bal. sheet?cash nd equivalents or curr. liabi.?
Prepare the format of balance sheet and explain the various elements of balance sheet.
Q) Calculate the amount of Opening Trade Receivables and the Closing Trade Receivables from the following particulars :
Cost of Revenue from Operations 9,00,000
Gross Profit on Revenue from Operations 25%
Cash Revenue from Operations 20% of credit revenue from operations
Trade Receivables Turnover Ratio 5 Times
Closing Trade Receivables were 3 times than that in the beginning .
bales. The invoice price of each bale was Rs 1,500 each which includes 20%
profit on invoice price. The consignor paid Rs. 2,500 for insurance and Rs
4,000 for carriage and freight. The consignee received cotton bales and sold 75
bales for cash and realised Rs 1, 12, 500. He incurred Rs 1,800 on godown rent
and was allowed 10% commission on sales. 5 cotton bales were spoiled in
godown and they are to be valued at 50% depreciation. Show consignment
account in the books of Modi Textiles.
1) acceptances
2) underwriting commission
3) bills of exchange
4) prepaid insurance
5) advances from customers
6) public deposits
Fixed vs variable ratio- 70:30
Ctc-18L
Basic-50%
Hra- 20%
Da - 12%
Travel allowance- 2000 Insurance - 2500
Incentive- 75% target completion Pf 12%
Earned leaves - 2
LOP - 4
1 What do you mean by liduidity oder of assets and liaibilities ? Explain with example.
1] under which type of activity will u classify 'Interest paid on long term borrowings ' while preparing the CFS?
2] State with reason whether 'Discount received on making payment to suppliers' would result innt inflow, outflow or no flow of cash.
also tell me dat if i had answered about the the type of activity and not the reason, how much marks i got?
3] explain how financial statements analysis ignore qualitative elements?
4] under what heads and sub-heads will the following items appear in the balance -sheet of a company as per revised schedule vi part of the companies act, 1956:
i) stores and spares
ii) proposed dividend
iii) computer software
what is the Major Head and sub-head of Preliminary Expenses?
when liability is classified as 'current' and when it is classified as 'non-current' ?
what is the major head and sub head of Preliminary expenses?ans fast
The Silver Ore Co. Ltd. was formed on April 1, 2005 with an authorised capital of Rs6,00,000 in shares of Rs 10 each. Of these 52,000 shares had been issued and subscribed but there were calls in arrear on 100 shares @ Rs 2.50. From the following trial balance as on March 31, 2006 prepare the trading and profit and loss account and the balance sheet:
Rs
Rs
Cash at Bank
1,05,500
Advertising
5,000
Share Capital
5,19,750
Cartage on Plant
1,800
Plant
40,000
Furniture and Buildings
20,900
Sale of Silver
1,79,500
Administrative Expenses
28,000
Mines
2,20,000
Repairs of Plant
900
Promotion Expenses
6,000
Coal and Oil
6,500
Interest of F.D. up to Dec.31,2005
3,900
Cash
530
Dividend on Investment
3,200
Investments-share of tin mines
80,000
Royalties Paid
10,000
Brokerage on above
1,000
Railway track and wagons
17,000
6% F.D. in Syndicate Bank
89,000
Wages of Mines
74,220
(i) Depreciate plant and railways by 10%; furniture and building by 5%; (ii) Write off a third of the promotion expenses; (iii) Value of silver ore on March 31, 1969 Rs 15,000, The directors forfeited on December 20, 1968, 100 shares on which only Rs 7.50 had been paid.
why is sale of scrap considered under 'revenue of operations' and not under 'other income'?
Format of preparing vertical profit loss and balance sheet as per T.S grewal and meritnation is different from NCERT Text book. Which method we should follow???
can u help me for new format of balancesheet introduced by cbse recently as per schedule vi to the companies act 1956
Prepare the format of income statement and explain its elements.
REGARDS
1.?????Goodwill
2.?????Forfeited shares
3.?????Acceptances
4.?????Preliminary expenses
5.?????Capital reserve
6.?????Loans from banks.
7.?????Investment in shares and debentures
8.?????Interest accrued and due on debentures
9.?????Interest accrued but not due on Secured Loans
10.??Interest accrued but not due on Unsecured Loans
in income statement, purchase of stock in trade is the 2nd line item But wont change in inventories of finished goods work in progress and stock in trade(i.e., 3rd line item) already include the purchases of stock in trade?then wont it be double time counting?
in the supplymentary given my cbse... in illustrations (while solving) they wrote the format all over again, including items that were not present in the question..and in the value the put a "-". so are we suppose to follow the same trend or we can skip the stuff that are not present?
reba creations
reba had 4,oo,ooo of her own.borrowed 600000 from freind at 6%for two years on march 1,2008.
Consumption of Stores and Spare Parts
Power and Fuel
Rent
Repairs and Maintenance
Insurance
Rates and Taxes
Miscelleneous Expenses
Processing and Other Manufacturing Charges
Excise Duty
Travelling and Conveyance
Auditors’ Remuneration
Legal and Professional Charges
Donations
Advertising, Publicity and Sales Promotion
Selling and Distribution Expenses
Freight
Bank Charges
Royalty Expense
Commission
Net Loss on Sale of Fixed Assets
Net Loss on Foreign Currency Transactions and Translations
Bad Debts Written Off
Provision for Doubtful Debts / Advances
I want the answer as soon as possible...plzzzz help
define perfect meaning for promissory note and cheque
Explain the process of preparing income statement and balance sheet.
(i) Commission Allowed
(ii) Sale
(iii) Purchase of stock in Trade
(iv) Gratuity Paid
(v) Sale of Scrap
(vi) Loan Processing Charges