Explore topic-wise InterviewSolutions in Current Affairs.

ANSWER:

AUTOMATION of the accounting processes. ... The deeper you can automate each type of work, the faster and easier it will be POSSIBLE to carry out processes such as: the settlements with counterparties, the transaction of lending operations, data analysis, FINANCIAL, accounting or management accounting.

The stages of an automated accounting process are: input stage, processing stage and summarizing stage. These stages are equivalent to the activities in a manual accounting process. THUS, the only change is the way data are processed, which is automated.

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Explanation:

TYPES of Accounting Information. Accounting information is the BASE all important decisions which are taken by owners, management, potential investors, creditors, lenders, employees, government , RESEARCHERS and PUBLIC. They are the interested parties in accounting information.

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ANSWER:

Machinery AC ........dr.

to bank ac

Explanation:

machinery main money gaya hay to debit hua and bank SE money gaya to credit hua

Answer:

50000:(30000+10000)

=5:4

ANSWER: MACHINERY A/C Dr.

To SARAVANAN

EXPLANATION:

Answer:

EXPLANATION:                                                                Dr.                    Cr.

Bank a/c                  Dr.                                         400000

cash a/c                  DR.                                         200000

              To capital a/c                                                                   6000000

(Being cash PAID into bank )

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Answer:

The master BUDGET is the aggregation of all lower-level BUDGETS produced by a company's various functional areas, and also includes budgeted financial statements, a cash FORECAST, and a financing plan. ... Direct MATERIALS budget. Ending finished goods budget. Manufacturing overhead budget.

HOPE IT HELPS YOU BUDDY.....

EXPLANATION:

In India, Local standards are known as Accounting Standards (AS) issued by Accounting STANDARD Board (ASB) in consultation with Institute of Chartered Accountants of India (ICAI). Now, the apple to apple comparison was possible at NATIONAL LEVEL DUE to introduction of Accounting Standards.

ANSWER:

CASH ACCOUNT Dr

to bank account

Explanation:

not PERSONAL use this OFFICE use

Answer:

Trade discount is referred to as a discount, given by the seller to the BUYER at the time of PURCHASE of goods, as a deduction in the list price of the quantity sold. The trade discount is used by the sellers to attract more CUSTOMERS and increase the quantity sales. There is no record maintained in the books of both the buyer and seller for such a discount.

Cash Discount is referred to as a discount, allowed to customers by the seller at the time of making the payment of purchases, as a reduction in the invoice price of the commodity. A cash discount is used by the sellers to FACILITATE a prompt payment and thereby to avoid the credit risk. Both the buyers and sellers keep a proper record of such discount in their books of accounts.

A trade discount is one that is allowed by the wholesaler to the retailer, calculated on the list price of the product, whereas cash discount is allowed to stimulate instant payment of the goods purchased. The main difference between trade discount and cash discount is that ledger account is opened for a cash discount, but not for a trade discount.

One of the easiest ways to increase sales and so boost profit, used by various traders, businessman, and shopkeepers all around the world, is to offer a discount. It is simply a reduction in the selling price of the goods, which not only attracts customers, but also persuades them to make more sales. It is classified as trade discount and cash discount.

The article excerpt presented to you will help you learn some more differences, take a read.

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hope it helps

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please mark me as brainliest

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Answer:

1. bought goods from Kumar

ADD to STOCK in assets side and add to Creditors in liabilities

2. LESS from in assets and add to BANK in assest

hope this helps u

ANSWER:

There is no AGREEMENT between both the partners so claim of ROSE is not ACCEPTED

ANSWER:

minooooooriiiiiityyyyyyyyyyyyy

Explanation:

plsss TYPE the FULL question and if it is the WHOLE it is just a statement

Answer:

Explanation:

FINANCIAL Accounting. ... 2) Historical Nature: Financial accounting considers only those transactions which are of historical nature i.e the TRANSACTION which have already taken place. No futuristic transactions find any place in financial accounting, howsoever IMPORTANT they may be from BUSINESS POINT of view.

1.Accounting is a nart.

2.Accounting HELPS in IDENTIFICATION of financial events.

3.Accounting RECORDS business transactions.

4.Accounting helps in summarizing the information.

5.Accounting records the business transactions in terms of MONEY.

Answer:

REVALUATION a/c Dr 16,000

to MACHINERY a/c

Revaluation a/v Dr 4,000

to PDD 4,000

revaluation a/c 12,000

Provision for claims a/c Dr

ANSWER:

Russiafirst you have to done that you open your Google and search this question on Google and you will get your answer and don't ASK it again FOREVER ever ever ever for ever ever ever ever ever ever ever ok you understand

and just mark me as a BRAND LIST

Answer

Golden RULES of Journal

Personal account rule

Debit- The receiver.  

Credit- The giver.  

Real account rule

Debit- What comes in.  

Credit- What goes out.  

NOMINAL account rule

Debit- All expenses and LOSSES.  

Credit- All incomes and gains.  

Now

The journal entry will be

Interest on capital A/C        DR    ₹ 10000

              To Capital A/C                            ₹ 10000

(Being charge interest on capital 10000​ )

Answer:

3:2

Explanation:

if no INFO is given REGARDING NEW psr the old psr was New sacrificing RATIO

HELLO Dear❤️____

Contingent Liabilities are liabilities that may be incurred by an entity depending on the outcome of an UNCERTAIN FUTURE event such as the outcome of a pending lawsuit.

◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆◆

HOPE IT HELPS DEAR❤️

EXPLANATION:

journal ENTRIES:-

2 jan Mr.SHINDE a/c Dr. 20000

To sales a/c 20000

2 jan Bills Receivable a/c Dr. 20000

To Mr. shinde a/c 20000

2 Feb Jamadar a/c Dr. 20000

To Bills Receivable a/c 20000

5 May Mr. shinde a/c Dr. 20000

To Jamadar a/c 20000

5 May CASH a/c Dr. 10000

Bills Receivable a/c Dr. 31000

To Mr. shinde a/c 41000

8 SEP Mr. shinde a/c Dr. 31000

To Bills Receivable a/c 31000

8 sep cash/bank a/c Dr. 15500

Bad debts a/c Dr. 15500

To Mr. shinde a/c 31000

EXPLANATION:

SECOND PIC of LIMITATIONS...............

ANSWER:

There SORRY if you a FRIEND who has had a

ANSWER:

capital=assets-liabilities

=3000+15800+1500+800+645-760+3250+6735

capital=25990

Revenue is the amount of MONEY that a COMPANY actually RECEIVES during a specific period, INCLUDING discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income. ... Revenue is also known as sales on the income statement

Explanation:

Premium for MACHINE DR.

To Cash A/C

( Being PAID premium for Machine).

HELLO dear..!!!

Hope this journal ENTRY helps you..!!!

Explanation:

1.legal CHARGES- NOMINAL a/c (DEBIT SIDE)

2.Advertisement-nominal a/c (debit side)

3.Discount received-nominal a/c(CREDIT side)

Answer:

Purchase a/c....... DR 5100

To Khanna BROTHER a/c 3060

To DISCOUNT RECEIVED a/c 40

To Cash a/c 2000

Explanation:

# No treatment of TD

There are a NUMBER of differences between cost accounting and financial accounting, which are as follows:

Audience. Financial accounting involves the preparation of a standard set of reports for an outside audience, which may include investors, creditors, credit rating agencies, and regulatory agencies. Cost accounting involves the preparation of a broad range of reports that management needs to run a business.

Format. The reports prepared under financial accounting are highly specific in their format and content, as mandated by either generally accepted accounting PRINCIPLES or international financial reporting standards. Cost accounting involves creating reports that can be in any format specified by management, with the intention of including only that information pertinent to a specific decision or situation.

Level of detail. Financial accounting primarily focuses on reporting the results and financial position of an entire business ENTITY. Cost accounting usually results in reports at a much higher level of detail within the company, such as for individual products, product lines, geographical areas, customers, or subsidiaries.

Product costs. Cost accounting compiles the cost of raw materials, work-in-process, and finished goods inventory, while financial accounting incorporates this information into its financial reports (primarily into the balance sheet).

Regulatory framework. The structure of financial accounting reports are tightly governed by either generally accepted accounting principles or international financial reporting standards. There is no regulatory framework governing cost accounting reports.

Report content. A financial report contains an aggregation of the financial information recorded through the accounting system. The information in a cost accounting report can contain both financial information and operational information. The operational information can come from a variety of sources that are not under the direct control of the accounting department.

Report timing. Financial accounting personnel issue reports only at the end of a reporting PERIOD. Cost accounting staff may issue reports at any time and with any degree of FREQUENCY, depending upon management's need for the information.

Time horizon. Financial accounting is only concerned with reporting the results of reporting periods that have already been completed. Cost accounting does this too, but also can be involved in a variety of projections for future periods.

HEY MATE!

HERE IS YOUR ANSWER:

ANSWER:

I THINK you say petty cash BOOK

Petty Cash Book is an accounting book used for recording expenses which are small and of little value.

example:- stamps, postage and handling, STATIONERY, carriage, daily wages

ANSWER:

I cannot UNDERSTAND your QUESTION

ANSWER:

ASK QUESTIONS PROPERLY OK

ANSWER:

no it will not be considered as an expense of a business FIRM as the MONEY is paid for his personal USE

Answer:

True.

Explanation:

Because It has also WELL DEFINED SYSTEMATIC body.

As a art: WAY of PRESENTATION.

ANSWER:

You can CALCULATE the opening capital by USING this formula : Opening Capital = CLOSING capital + drawings - ADDITIONAL capital - profit + loss

Explanation:

Answer:

We are providing you with few transactions of M/s. Rajesh Traders consisting of 16 transactions along with Journal ENTRIES, Ledgers, Trial Balance, Financial Statements along with some of the ledgers and similarly, you can prepare the remaining ledgers.

The following are the transactions of M/s Rajesh Traders.

Date PARTICULARS

2012

April 1 Rajesh started his business with cash Rs 1,00,000

April 10 Rajesh opened an account in a BANK with cash Rs 30,000

May 10 Purchased goods from Mohan Singh on credit Rs 40,000 and also paid carriage of Rs 2,000

May 20 Sold goods to Rajeev Rs 20,000

May 25 Due to some quality defect Mohan Singh returned goods of Rs 10,000

June 15 Sold goods to Ayesha for Rs 70,000

June 30 Paid rent of Rs 10,000

Aug.31 Purchased Furniture for cash of Rs 8,000

Sept.10 Paid through a cheque of Rs 5,000 for advertisement

Oct.05 Withdrawn Rs 6,000 from Bank for personal use

Nov.30 Recovered Rs 65,000 from Ayesha in full settlement of his account

Dec.12 Goods costing Rs 1,000 donated to NGO

Dec.31 Salaries paid to employees Rs 15,000

2013

Jan.15 Interest received from Bank Rs 2,000

Feb.10 Rajeev has become insolvent Rs 80 paisa in the rupees on a debt of Rs 20,000 was recovered as a compensation

March 31 Stock of good at end of the year is Rs 32,000

Journalize above transaction, post them in ledgers, prepare Trial Balance and Financial Statements for year ending March 31, 2013

Books of M/s Rajesh Traders

Journal

Date Particulars L.F. Debit

Amount

(Rs) Credit

Amount

(Rs)

2012

April 01 Cash A/c Dr. 1,00,000

To Capital A/c 1,00,000

(Business started with cash of Rs 1,00,000)

April 10 Bank A/c Dr. 30,000

To Cash A/c 30,000

(Opened a Bank Account)

May 10 Purchase A/c Dr. 40,000

To Mohan Singh 40,000

(Goods Purchased on credit)

May 10 Carriage A/c Dr. 2,000

To Cash A/c 2,000

(Carriage paid on purchase of goods)

May 20 Rajeev Dr. 20,000

To SALES A/c 20,000

(Goods sold to Rajeev)

May 25 Mohan Singh Dr. 10,000

To Purchase Return A/c 10,000

(Goods returned by Mohan Singh)

June 15 Ayesha Dr. 70,000

To Sales A/c 70,000

(Goods Sold to Ayesha)

June 30 Rent A/c Dr. 10,000

To Cash A/c 10,000

(Rent Paid)

Aug.31 Furniture A/c Dr. 8,000

To Cash A/c 8,000

(Furniture purchased)

Sept.10 Advertisement A/c Dr. 5,000

To Bank A/c 5,000

(Advertisement expenses paid through cheque)

Oct.05 Drawing A/c Dr. 6,000

To Bank 6,000

(Withdrawn from bank for personal use)

Nov.30 Cash A/c Dr. 65,000

Discount Allowed A/c Dr. 5,000

To Ayesha 70,000

(Recovered from Ayesha in full settlement of his account)

Dec.12 Donation A/c Dr. 1,000

To Purchases A/c 1,000

(Goods of Rs 1,000 donated to NGO)

Dec.31 Salaries A/c Dr. 15,000

To Cash A/c 15,000

(Salaries Paid to employees)

2013

Jan.15 Bank A/c Dr. 2,000

To Interest A/c 2,000

(Interest received)

Feb.10 Cash A/c Dr. 16,000

Bad debt A/c Dr. 4,000

To Rajeev A/c 20,000

(Cash compensation of 80 paise in the rupees received from Rajeev)

Mar.31 Closing Stock A/c Dr. 32,000

To Trading A/c 32,000

(Closing stock transferred in account)

Cash Account

Dr. Cr.

Date Particulars J.F. Amount

(Rs) Date Particulars J.F. Amount

(Rs)

2012 2012

April.01 Capital A/c 1,00,000 April 10 Bank A/c 30,000

Nov.30 Ayesha 65,000 May 10 Carriage A/c 2,000

2013 June 30 Rent A/c 10,000

Feb.10 Rajeev 16,000 Aug.31 Furniture A/c 8,000

Dec.31 Salaries A/c 15,000

2013

Explanation:

features or essential elements of a VALID CONSIDERATION:

1. consideration should be something desired by the promisor.
2. sedation can be GIVEN by the promisee or any other person.
3. consideration is very essential in EVERY contract.
4. consideration may be positive or negative.
5. consideration may be past present or future.
6. consideration may be in any form.
7. consideration should be lawful.
8. consideration need not be adequate.
9. consideration should be REAL and having some value in the eyes of law.

Burping. Burping, or belching, once in a while, especially during and after meals, is NORMAL. ...

PASSING gas. Passing gas around 13 to 21 TIMES a day is normal. ...

Bloating. ...

Pain or discomfort in your abdomen. ...

Swallowed AIR. ...

Bacteria in your large intestine. ...

SMALL intestinal bacterial overgrowth. ...

IBS.

ANSWER:

hEllo IDK here

old RATIO - 5:4

c's part - 1/9

remaining - 8/9*

NEW ratio

A- 5/9 X 8/9 = 40/81

B - 4/9 X 8/9 = 32/81

c - 9/81

A:B:C = 40:32:9

Explanation:

* 1-1/9 = 8/9

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EXPLANATION:

abjixghnkknbyffvjuccb

ANSWER:

the GAIN RATIO will be 1:2

ANSWER:

PATA LAGA KEI BATATA hooo

Capital ASSETS are the ITEMS which are in monetary VALUE or can be converted in money and are used for BUSINESS

Answer:

your answer is :--

the memorandum contains . the NAME registered office main and other OBJECT of the company lability of the member and the AUTHORISED CAPITAL of the company

the main purpose of memorandium is to limit the scope of the activity

and powers of the company..

HOPE it will held you....

yashasvi srivastava

Answer:

andul rashid

Explanation:

Sublimation is the transition of a SUBSTANCE DIRECTLY from the solid to the gas state,[1]without passing through the liquid state.[2]Sublimation is an endothermic process that occurs at TEMPERATURES and PRESSURES .kksoeke

Answer:

gh9g5duh7d4f0v sucks ekdam IAM of of of is een is een in TV RADIO ITEM

ANSWER:

ilosshudjdjdjdjxjsdjdkekme