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Capital Budgeting
In Capital Budgeting IRR is the rate at which NPV equals to
a. positive one
b. negative one
c. zero
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In EOQ, is Carrying cost is more, less or equal to Ordering cost
jani basha
- Dec 3rd, 2008
EOQ MEANS ECONOMIC ORDER QUANTITY EOQ=root of 2ao c a= means annual demand o= order quantity c= carring cost per unite per annum Through this formula you can find the economic order quantity...
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How prepare funds flow statement?
suresh b poojar
- Sep 9th, 2009
It is the statement of changes in financial position, prepared to determine only the sources and uses of working capital between dates of 2 balance sheets.
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How and on what basis will you identify duplicate invoice?
Swami Reddy
- Feb 3rd, 2010
We can identify a duplicate invoice when it matches with another invoice's critical fields like invoice Date, Number, amount and description of the services.
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What do you mean by GPSD in accounting?
Alkuhaly55
- Jan 11th, 2010
GPSD is a service daemon that monitors one or more GPSes or AIS receivers attached to a host computer through serial or USB ports, making all data on the location/course/velocity of the sensors availa...
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Gift Items Depreciation
What is the treatment of Depreciation on Gift Items?
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What are Accrual, Provision and Reserve?
koteswararao.purimitla
- Jul 25th, 2009
We create any outstanding or Expenditure are Income is called Accrual. It is not actual received or paid specific period, but these are earned are expended preset specific period. This transaction is not effected on the cash present period, only effected on books only.
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Audit Trail
An audit trail allows an individual to track a transaction from the journal entry to the general ledger through to the financial statements. The audit trail can also find all the transactions that comprise the dollar amount for each account listed on the income statement and balance sheet. Your team has been assigned the duty to diagram the audit trail for your company. In your diagram, show several...
snjsanthosh
- Sep 1st, 2010
Audit trial is a chronological sequence of audit records, each of which contains evidence directly pertaining to and resulting from the execution of a business process or system function
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What is the difference between authorised capital and paid-up capital?
Geetha.K
- Aug 18th, 2009
Authorized capital is the capital to which an organization is authorised to use in the business and maximum amount that can be used for the working of organization. Paid-up capital is a part of authorised capital which is fully paid by shareholders. ...
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Explain briefly the technique of marginal costing. In what ways do you consider this technique useful in management accounting?
sush_834
- Oct 18th, 2009
Marginal costing is also known as "Direct costing" or Variable costing. In U.K it is called "Marginal Costing". It is an economic concept. Marginal cost is derived from the word "Margin".? It is the...
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What is Debtors Reconciliation?
Archana subramaniam
- Dec 15th, 2009
Debtors reconciliation is reconciling all the debts payable to the creditors.
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Letter of Credit
Is letter of Credit recorded under Bank as restricted cash or under current assets?
Assume the company has deposited the funds into a CD to get the letter of credit. What is the JE to book it?mmali1979
- Mar 16th, 2010
Dr. to Bank Gurantee A/cCr. to Particular Bank A/c.Being Certain amount deposited in a bank for bank Gurantee for certain time/period.Once transaction finished pls reversal the same entry.Dr. to Particular Bank A/cCr. To Bank Gurantee A/c
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What is Evaluated Receipt Settlement?
Lokesh M
- Feb 7th, 2012
Evaluated Receipt Settlement also known as ERS is a business transaction process between trading parties. In this type of process, the PO information as well as the goods receipt information is used to make direct payment to the supplier without even receiving an invoice.
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Depreciation Advantages and Disadvantages
What are the advantages and disadvantages of the following methods of depreciation?1. Straight line method2. Reducing balance method3. Revaluation method4. Usage method5. Sum of digits method
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What is JOC in accounting?
anilrawatnokia
- Sep 15th, 2010
JOC means Job Order Costing and is a part of Cost AccountingA job order costing system is used when a job or batch is significantlydifferent from other jobs or batches. Cost accounting is usually fair...
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What will you do if there is a missing invoice?
anilrawatnokia
- Sep 15th, 2010
First of all you haven't mention which kind of invoice is missing.However the answer is that we will transfer the amount to the Suspense account.
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Fisher Effect and the Purchasing Power Parity
Describe and discuss the relevance of the Fisher Effect and the Purchasing Power Parity theories to a foreign currency dealer in a merchant bank
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New Policy
What would you do if upper management issue a new policy and it was questionable to you? Would you follow the new policy?
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What is a Chargeback?
Lokesh M
- Feb 7th, 2012
Chargeback means refund / return of funds to the buyer. Here the bank reverts back the transaction between the buyer and seller when chargeback is initiated. A chargeback is initiated by the buyer w...
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