Arjun lal

• Mar 19th, 2019

Bank and creditors are real accounts

Sonali Avinash Gawade

• Mar 14th, 2019

If we open bank account in sbi bank by depositing cash..... then it is personal acc or real acc ?

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i want to know right enrtry of this question

DEBTORS 10000/-
DISCOUNT ALLOWED 1000/-
RECEIVED BAL 4000/-
REST OF AMOUNT BAD DEBTS

Shahnawaz

• Jul 24th, 2017

DR - Discount allowed 1000 + Cash/Bank 4000 + Bad Debt Expense 5000
CR - Accounts Receivables 10000

Amaed Ahmed

• Dec 3rd, 2016

(1) in Payment Voucher
Cash / Bank A/c ............ Dr Rs. 4000/-
Discount Allowed A/c ..... Dr Rs 1000/-
To, Debtor A/c ..............Cr Rs 5000/-

(2) In Journal Voucher
Bad Debts A/c DR .......... Rs 5000/-
To, Debtor A/c Cr ........... Rs 5000/-

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TDS deducted by the Customer and deposited in central govt.account through receipt is an income or expenditure or what?

kathirvel

• Feb 16th, 2018

TDS will be deducted by buyer from service provider ( Not a seller ). TDS is liability from buyer point of view so this TDS will be deducted from service provider and paid to govt.

Praveen M

• Dec 2nd, 2015

Take a Example Interest income Rs. 10000, Received Rs. 9000 and TDs deducted Rs. 1000 Make following adjustments
1. Less. Rs. 10000 from P/L balance (being non-operative income credited to P/L)
2. Add: Rs. 9000 to Cash from investing activity (bring cash flow from interest)

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ch.v.rama krishna rao, chirala

• Nov 8th, 2007

Break Even Point is a point where there is no profit and no loss . It is very important for every company to take managerial decisions like how much quantity to be sold to gain desired profit, how many units to be sold to get the desired profit, to find margin of safety etc.,

vaishnavi

• Aug 24th, 2007

Break Even Point is the point where there is no Loss No Profit. The total revenues will be equal to total costs.

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What is meant by Debtors Reconciliation. Explain in detail about it

Subhajit Dutta

• Sep 5th, 2015

Please help to get Debtor Ledger reconciliation details with a example (ledger copies)

JANINE BARR

• Oct 31st, 2011

A debtors reconciliation is to ensure that the balance brought forward and the closing balance tally. Reconcili payment and invoices

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Read Best Answer

Editorial / Best Answer

Answered by: T.Prasad

• Aug 10th, 2006

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Marginal Cost is the cost with is incurred to produce one more extra unit.

Example to produce 100 units cost is Rs. 500/-

to produce the 101th unit the cost became Rs. 520/- (The cost to produce one more unit i.e, unit is Rs. 20/-)  The Rs. 20/- is called Marginal Cost.

ngodza22

 Profile Answers by ngodza22 Questions by ngodza22

• Jun 29th, 2008

It is a costing rule technique that excludes fixed cost from influencing decisions because they are said to be irrelevent cost.... simply because they are bound to be incurred even if a firm produce or doesn't produce eg rent,

andy

• Dec 26th, 2006

Marginal Cost is variable cost AS LONG AS your fixed assets can handle the output. If that additional unit forces you to acquire more assets to handle it, your marginal cost can be way out of line with your average variable cost.

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FAISHAL kHALIL

• Jun 7th, 2017

An accounting method whereby the costs associated with producing a good or service are recorded only after the good or service is actually produced, completed or sold

Jenny Vakharia

• Sep 19th, 2016

Back flush costing is a costing system tailored to just in time production systems. It contrasts with traditional costing systems that use sequenticial tracking to record purchases and movements of co...

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shaik. rafee

• Feb 26th, 2007

5 years

azeez

• Jan 9th, 2007

In a manufacturing company diffrent shops they will send docket for the no. of hours they are worked.   We feed the docket and have to prepare the labour cost ledger.  Material accounti...

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What is the difference between cost accounting and management account

ngodza22

 Profile Answers by ngodza22 Questions by ngodza22

• Jun 29th, 2008

Since fixed cost doesn't change whether you decide to produce or not to produce...eg rent, thus in marginal costing fixed cost element is removed so as to arrive at contribution... hence fixed cost is irrelevent cost in marginal costing

ngodza22

 Profile Answers by ngodza22 Questions by ngodza22

• Jun 29th, 2008

Cost accounting :is mainly concerned with data captive, recording, accumulation & interpretation of information cost of prodution so as enable management to focust & relevent decision.Manageme...

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ahmedali

 Profile Answers by ahmedali Questions by ahmedali

• Jun 23rd, 2008

What is limited liability clause complet detailes of this question

umairahmedpk

 Profile Answers by umairahmedpk Questions by umairahmedpk

• Jun 12th, 2008

Limited liability caluse is mentioned in memorendum of association. Under this clause, it is mentioned that the liability of the members of the company i.e share holders have liability upto their amou...

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What is meant by EOQ?

Lakshmikanth Dandu

 Profile Answers by Lakshmikanth Dandu Questions by Lakshmikanth Dandu

• Jan 27th, 2011

Economic order quantity refers to the quantity to purchased every time so as to minimize total of two types of costs associated with purchase. The size of the order for which the total of ordering costs per annum and carrying cost per annum are minimum is know as the eoq.

kl_krupa

 Profile Answers by kl_krupa Questions by kl_krupa

• Oct 3rd, 2010

Economic order quantity is the level of inventory that optimises the total inventory holding costs and ordering costs.

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What is meant by Three Way Matching Concept. Which is related to Invoice, Purchase order, Voucher, Vendor

gns.ravi

 Profile Answers by gns.ravi Questions by gns.ravi

• Apr 10th, 2012

3 Way matching means : - Matching the invoice with PO and GR at the same time,
2 Way matching means :- Matching the invoice with PO.

the above two are the matching concepts in AP process

Faisal Azim

• Jul 13th, 2011

Three Way Matching Means invoices ,Delivery and purchase all are same no any difference

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Dasari Santhosh

• Jun 20th, 2012

Debit note:when the goods are returned to the supplier, a debit note is sent to him indicating that his a/c has been debited with the amount mentioned in the debit note. Credit note: the customer whe...

jk latha

• Nov 30th, 2011

Debit note is an note which is issued from the customer/ party for short/rejetcted matl amt.

Credit note is an note which is also issued by the customer /party for excess matl reced amt.

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siva

• Jul 30th, 2012

Turn over is capitalization of company or business concern for particular period or total sales operations figure in company

Susanta Ku. Mohapatra

• Oct 17th, 2011

Total Sale of year or a period is called turn over.

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If some one tell me in the interview how to make purchase entry ? pl tell me the answer.

khan

• May 3rd, 2013

Purchase A/c dr
to creditor A/c

Susanta Ku. Mohapatra

• Oct 17th, 2011

1. Go to Get way of Tally
2. Press V (Short Cut Key)
3. Press F9 (Short Cut Key)
4. Type - Purchase A/c. Dr
Cash/Bank A/c. Cr. (if Cr. purchase then type name of the comp.)

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why while calculating deprecation we do not consider the change in prices of the machinery in the market i.e fluctuation in prices in market? As we consider the accounting period one of the concepts

Hamayun

• Mar 31st, 2016

According to the international accounting standards we take the value of an asset whichever is less either market value or actual value.

jayaprakash mc

• Aug 12th, 2015

We have to account for all anticipated losses but not profits. If the usefulness of the asset has gone down due to technical or behavioral changes, we are at liberty to provide additional deprecation. How ever we should not consider appreciation in market value.

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sreekanthvsk

 Profile Answers by sreekanthvsk Questions by sreekanthvsk

• Jun 11th, 2008

Variable cost or Marginal cost is the cost that is directly proportionate to the number of units being produced (unit being a Tangible item produced or an Intangible service that is provided). It incr...

chowdary.thakkella

• Nov 27th, 2006

Variable costs are dependeing upon production. u re increases production automatically variable cost is also increased.decrease in production means automatically variable cost decreased. 

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mamta kulshrestha

• Jun 14th, 2007

In this modern age of cut-throat?competetion?cost accounting for the product?is must to mininize cost of product and gettting maximum profit. If the producer does not maintain or minimize waste in the cost?he will be failer.

shashankcwa

• Feb 28th, 2007

"Cost Accounting" in simple meaning, costing of the product for the market. But in modern market (which is full of big competitors) launching any new product in the market, ha...

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LC - Letter Of Credit means a guarrantee given by the bank during the course of International Business

snehal

• Oct 18th, 2011

Letter of credit are often used in international transaction to ensure that payment will be received due to the nature of international dealing including factor such sa distance differing loss in each country

lulu

• Dec 15th, 2006

Its a gurantee given by the bank onbehalf its client

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vasudeo007

 Profile Answers by vasudeo007 Questions by vasudeo007

• Aug 18th, 2008

Costs are bifurcated into 2, Fixed cost and variable cost. In fact the third category also exist which is Semi variable cost.Fixed costs are those costs which do not vary with the production level. Li...

ramm.30

 Profile Answers by ramm.30 Questions by ramm.30

• Jun 12th, 2008

Variable cost varies with level of out put but the per unit cost of variable items is fixed.eg: production of "x" no. of units where the cost varies with no. of units produced.

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