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Expenses in Inventory Stock
What are the documents require for the payment?What are the expenses are made in inventory stock?
vasudeo007
- Oct 6th, 2008
In making payment for buying stock/goods we need invoice/bill and lorry receipt or bill of lading. If the goods are brought via air transport then airway bill or whatever name it is called by.And then...
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Annual Turnover
Calculation of turnover in construction comapanies? What is the use of turnover? If turnover was not announced annualy, what are the problems arised?
sathyapidugu
- Oct 6th, 2008
In general context turnover means volume of sales in case of Construction compay turnover means Projects complted in a particular period . with the hepl of turnover one can assess the efficiency and profitabllity of the company
vasudeo007
- Oct 6th, 2008
Turnover means total sales from strict accounting sense.Few liberals would also say that turnover means total purchase + total sales.It really depends on your viewpoint. But for a construction company...
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MIS Monthly and Form 16A
What is meant by MIS-Monthly?What is meant by Form 16A ?
sathyapidugu
- Oct 7th, 2008
The word MIS means Management Information System it is an comprehensive statement differs from Industry to Indsutry or Organisation to Oraganaisation in general contex Montlhy MIS of any concern aims ...
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M men agreed to purchase a gift for $D. If 3men drop out, how much more will each have to contribute toward the purchase of the gift
vasudeo007
- Oct 12th, 2008
I am exactly not a mathematician. But I tried following thing:d/(m-3) -d/m = 3d/m^2-3mSo the answer is that each of them will have to contribute $ 3d/m^2-3mTell me if I am wrong.
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Double Entry System
Who invented double entry system?
vasudeo007
- Oct 12th, 2008
It is not really known but the one who is credited for the same is LUCA DE BARGO PACIOLIhe was calss mate of Leonardo da Vinci.book Summa de arithmetica in 1494 was wrote by himThis book mentions doub...
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Ordinary shares and Preference shares
What is the difference between ordinary shares and Preference share?
vasudeo007
- Oct 12th, 2008
Ordinary shares better knows as Equity shares have following characteritics:a. They can participate in Annual General Meeting and voteb. They do not have any fixed rate of return (dividend)c. Th...
vinodkumarsmay1979
- Sep 25th, 2007
Preference shares have the preference over ordinary shares when it comes to dividend and repayment of capital
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Minority Interest
What is minority interest?
vasudeo007
- Oct 12th, 2008
Minority means lower than 50%.Minority interest means the amount invested by minority.Generally minority interest is never calculated. It is calculated only when one company takes other company over. ...
cashflow
- Jan 27th, 2008
Minority interest in business is an accounting concept that refers to ownership of a company (subsidiary) that is less than 50% of outstanding shares.
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Debt Securities
What are debt securities?
vasudeo007
- Oct 12th, 2008
Debt securities are the securities which are debt in nature.There are 2 kinds of funds raised by any company or government. 1st is called equity and 2nd is called debt. A company can raise both while ...
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Miscellaneous expenses
What is miscellaneous expenses & why they carry forward every year
vasudeo007
- Oct 12th, 2008
Miscellaneous expenses are those expenses which are very minor/small in nature.Any expense which cannot be debited to any expense account is debited to misc exp a/c. Examples: donations given to someo...
Rekha yadav
- Dec 18th, 2007
Miscellaneous expenses are the petty expenses, which every business incurr in their day to day transaction, these could be refreshment expenses, conveyance, postage etc. for accounting these expenses ...
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Control Account
What is a Control Account? How will you create a control account?
ajspalia
- Nov 12th, 2008
A control account in GL is a summary of sub ledger accounts that can not be represented individually in GL because of thier huge numbers e.g. the number of vendors for a company can be numerous and it...
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How is working capital arrived?
venkat_ca
- Nov 20th, 2008
Working capital can be classified into two types gross working capital and net working capital. The total of current assets is known as gross working capital and the difference between the current ass...
Nishi Kanti Dey
- Oct 30th, 2008
Working Capital is?measure of?both a?company's efficiency and its short-term financial health. Working capital also gives investors an idea of the company's underlying operational efficiency.WC=CA-CL.
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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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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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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 -
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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