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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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What is the meaning of account voucher?
deepak3218
- Jan 16th, 2009
Account Voucher nothing but a proof of transaction made.? In future any problem will occurs then account voucher plays major support.
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Reducing Balance Method
Seema Automobiles Ltd., purchesed a machine for Rs. 60,000 on 1st july, 1988. On 1st january, 1989 company purchesed an additional machine costing Rs 20,000. On 31st december, 1990 the machinery purchesed on 1st july, 1988 became absolete and was sold for 40,000. Deprication was provided annualy on 31st December at the rate of 10% per annu on the Reducing Balance Method. Prepare machinery account...
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Account for Letter of Credit
How to account for Letter of Credit in the Books of Accounts of the Company ?
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What is retail banking
Joyeusenini
- Mar 13th, 2009
Retail banking refers to banking in which banks undergo transactions directly with consumers, rather than corporations or other banks. ...
vasudeo007
- Aug 26th, 2008
Banking is informally bifurcated into 2: whole sale and retail.wholesale banking means the lending in bigger volume to fewer borrowers.While retail banking means lending in smaller quantity to large n...
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What is inventory management ?
Joyeusenini
- Mar 13th, 2009
The direction and control of activities with the purpose of getting the right inventory in the right place at the right time in the right quantity in the right form at the right cost.
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Profit and Loss a/c
What is the importance of the profit and loss account? What is the most important item of the P&L A/C (asked in a Citibank interview)
sivappan
- Mar 17th, 2009
Net profit is shown in the liability side because company is liable to pay that much amout to owner/owners of the company.
akshayparhi
- Aug 13th, 2008
A company's profit and loss account shows revenue, expenditure and the profit and/or loss resulting from operations for a given 'financial year'. So it is?necessory for the company to know the profit and loss after deducting / adding all direct and indirect expenses or income.Akshay Parhi
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What would you do if you did not have to work for a living?Why is joining capital market company a critical step toward your short and long-term career goals? (250 words limit)Each of our applicants is unique. Describe how your backgrounds, values, education, trainings, activities, and/or leadership skills will enhance the experience of other capital market employee?
vasudeo007
- Mar 22nd, 2009
Dear Friend,I work in a company engaged in capital market. Now your questions. What would you do if you did not have to work for a living? This is more or less a personal question and hence answer it ...
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Billable Revenue and Collections
Briefly discuss the difference between billable revenue and collections. Consider how a medical office might be helped or hindered by a disparity between receivables and collections.
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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
d. none of these -
Accounting Department Problems
Give examples of problems that manifest themselves in accounting department?
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Authorised Capital & Paid Up Capital
What is authorised capital and How different it is from paid up capital? What is its importance while analysing a balance sheet of a firm?
hifi55
- May 4th, 2009
Authorised capital is the capital which a company is authorised to issue to the general ?public, it cannot issue more than that limit. Paid up capital is the actual amount of capital ?which the public has subscribed.
vasudeo007
- Apr 20th, 2009
Authorised Capital: The capital which is maximum capital the company can raise in its life time. Hardly any company issues capital which is equal to authorised capital.Paid up capital: Paid up capital...
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When does a debtor become a creditor?
vishnu ghiya
- May 15th, 2009
On?only one case - If he become a product supplier & we purchase the material from the party who is debitor for us.
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What is operative accounts ?
veerabhadrudu_sripati
- Jun 12th, 2009
An operative accounts means?an account for day-to-day operations of the business.
SONIA AGARWAL
- Feb 6th, 2007
Operative account means Account which is operate by the owner of the A/c regularly.
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In EOQ, is Carrying cost is more, less or equal to Ordering cost, Explain?
pallapu99
- Jul 3rd, 2009
EOQ is the quantity of order where we can incurr the minimun inventory cost. at this level of purchse both total Carring and total ordering are equal since it is optimum level of ordering quantity.
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What is known as direct debit in bank reconcilation?
c7831887
- Jul 23rd, 2009
The charges, Interest and other fess debited by bank is called direct debit. We have to pass entries accordingly after reconciliation based on the bank statement.
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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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What are the assumptions of BEP analysis
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HRA, DA and DP caluculate in taxation
How can we caluculate HRA, DA, DP in taxation.
amarnath111
- Jul 30th, 2009
DA is calculated on certain % fixed on basic & there is no rules for DA calucalation
amarnath111
- Jul 30th, 2009
HRA calculated as1. 40% (in case of other cities) & 50% (in case?of metro cities)?of?the saalry2. Rent paid - (minus) 10% of the salary3. Actual HRA received
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